San Miguel Corporation (PSE:SMC) agreed to acquire an additional 5% stake in SAN Miguel Yamamura Asia Corp. from Nihon Yamamura Glass Co., Ltd. (TSE:5210) on September 12, 2019. The transaction was approved by the Board of Directors and shareholders of San Miguel Corporation on September 12, 2019.

San Miguel Corporation (PSE:SMC) completed the acquisition of an additional 5% stake in SAN Miguel Yamamura Asia Corp. from Nihon Yamamura Glass Co., Ltd. (TSE:5210) for PHP 300 million on October 23, 2019. Post-closing, San Miguel Corporation will own 65% stake and Nihon Yamamura Glass Co., Ltd. will own 35% stake in SAN Miguel Yamamura Asia Corp.