Wednesday 15 August 2018
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6 months ago

Consolidated SMC food, beverage unit’s market cap seen at $12B

Conglomerate San Miguel Corp. expects its consolidated food and beverage business under San Miguel Food and Beverage Inc. to fetch a market capitalization of about $12 billion after a follow-on offering slated for later in the year. San Miguel is planning a follow-on offering of shares of its enlarged consumer food business, first to be folded into San Miguel Pure Foods Co. and eventually rebranded, expecting to raise about $1.5 billion, based on a disclosure to the Philippine Stock Exchange yesterday. The

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