Opportunity For Kirin In San Miguel Corp Rethink

On the back of the collapse of merger talks between it and compatriot Suntory, Japanese beer giant Kirin has been handed a lifeline in its attempt to become a truly global player. Already a 48% stakeholder in San Miguel Brewery (SMB), the local beer unit of food-to-power conglomerate San Miguel Corporation (SMC), Kirin could now have the opportunity to take full control. Despite originally stressing a desire to retain majority control of what it deemed to be a core business unit, SMC has now confirmed that it would consider offloading its remaining stake in SMB in order to fund further

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