Malaya Business Insight
San Miguel Corp. is determined to divest almost half of its ownership in all subsidiaries as part of its diversification model.
Ramon S. Ang, San Miguel president, over the weekend said it will be more beneficial for the company to retain just a controlling stake and sell the rest.
"Traditional or non-traditional, the idea is to only own up to 51 percent. You own more than that, that is not important," said Ang at the sidelines of the stockholders meeting of San Miguel Purefoods Co. Inc. on Friday.
Ang said San Miguel would pursue the sale of 49 percent of Purefoods should the opportunity come.
The divestment could raise up to $500 million which could be used in expanding into new businesses.
Read here
San Miguel Corp. is determined to divest almost half of its ownership in all subsidiaries as part of its diversification model.
Ramon S. Ang, San Miguel president, over the weekend said it will be more beneficial for the company to retain just a controlling stake and sell the rest.
"Traditional or non-traditional, the idea is to only own up to 51 percent. You own more than that, that is not important," said Ang at the sidelines of the stockholders meeting of San Miguel Purefoods Co. Inc. on Friday.
Ang said San Miguel would pursue the sale of 49 percent of Purefoods should the opportunity come.
The divestment could raise up to $500 million which could be used in expanding into new businesses.
Read here
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