San Miguel Corporation completed the acquisition of an additional 5% stake in SAN Miguel Yamamura Asia Corp. from Nihon Yamamura Glass Co., Ltd. for PHP 300 million.
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.