Articles > Newspapers > International Newspapers, Major Markets > The Manila Times articles > September 2009

Article: San Miguel completes acquisition of PIDC stake

Article from:
The Manila Times
Article date:
September 17, 2009
Author:
Copyright

SOUTHEAST Asia's largest food and beverage conglomerate said it has completed the acquisition of shares in the consortium that will build the Tarlac-Pangasinan-La Union Toll Expressway (TPLEx) that would make it the biggest single shareholder of the company.

In a disclosure to the Philippine Stock Exchange, San Miguel Corp. (SMC) said that through its subsidiary, Rapid Thoroughfares Inc., it has completed the purchase of about 35-percent stake, or 1.575 million common shares in Private Infra Development Corp. (PIDC) for P1.575 billion.

PIDC is composed of Lopez-led First Balfour, D.M. Consunji Inc. (DMCI), EEI Corp., C.M. Pancho Construction, R.D. Policarpio & Co. Inc., D.M. Wenceslao ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Philippines: San Miguel says no need to acquire ...
TendersInfo;  March 6, 2009 ;     700+ words ... ... Dam Project and Tarlac-La Union road Ang said San Miguel has a number of possible ... billion Laiban Dam project. San Miguel has submitted an unsolicited ... kilometer the Tarlac-La Union expressway. San Miguel may join the consortium ...

Article: Philippines: San Miguel buys 35% in tollway ...
TendersInfo;  August 28, 2009 ;     688 words ... ... FOOD and beverage giant San Miguel Corp. has solidified its ... kilometer Tarlac-Pangasinan-La Union expressway project. San Miguel, through subsidiary Rapid ... a road from Rosario, La Union to Laoag. San Miguel has also expressed interest ...

Article: Philippines: San Miguel to bankroll tollway ...
TendersInfo;  May 14, 2009 ;     441 words ... ... beverage giant San Miguel Corp. is planning ... kilometer Tarlac-La Union Expressway, and ... Ramon S. Ang, San Miguel president and chief ... officer, said. San Miguel, which aims to ... in the Tarlac-La Union tollway construction ...

Article: San Miguel eyes control in TPLEx, shuts out MPIC
The Manila Times;  July 22, 2009 ;     634 words ...San Miguel Corp. (SMC) said it plans ... the Tarlac-Pangasinan-La Union Toll Expressway (TPLEx) project. On the sidelines of San Miguel Pure Foods Co. Inc. stockholders ... Paz, Tarlac to Rosario, La Union. "The parties have agreed ...

Article: Paramount Gold's Trench Results at San Miguel, ...
Business Wire;  September 18, 2006 ;     700+ words ... ... south and central part of its San Miguel concession block near Temoris ... reported are located in the La Union zone which is adjoining and ... meters along strike on the La Union zone. Trench ZLU-01 starts ... drilling into this zone. The La Union zone is along the same ...

Article: Basilan, La Union share chess lead.(Sports)
Manila Bulletin;  July 5, 2002 ;     497 words ... ... Negros Occidental 3-1, and La Union disposing of Bohol (C.. Garcia ... decisive wins for third-seeded La Union. Bensar Valencia also drew ... in the seventh round, while La Union takes on Bohol (San Miguel). GM Joey Antonios Bataan ...

Article: Paramount Gold Drills 6.7 g/t Gold Equivalent over 17.6 Meters ...
Business Wire;  October 12, 2006 ;     700+ words ... ... ongoing drill program at the San Miguel Project near Temoris, Chihuahua ... drill holes completed on the La Union zone (San Jose extension ... zone. The five drill holes at La Union are step out holes to the south ... drill assays received from the La Union area and this adds ...

Article: Paramount Gold Extends Zone 500 Meters with Polymetallic ...
Business Wire;  November 8, 2006 ;     700+ words ... ... drill program at the San Miguel Project near Temoris ... completed on the La Union zone (San Jose ... trench results at La Union, San Jose, San ... our discovery at San Miguel. The value of the ... 600/oz)." La Union zone Highlights ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives