San Miguel in talks with brewers

The Philippines“ San Miguel Corp. reported it is in talks with several beer brewers in the region in its search for a strategic partner that will provide fresh capital for expansion.
In a press stat…

The Philippines“ San Miguel Corp. reported it is in talks with several beer brewers in the region in its search for a strategic partner that will provide fresh capital for expansion. In a press statement, the food and beverage conglomerate said it is seeking a strategic partner to “sustain and enhance (its) competitive position in the regional food and beverage industry, particularly the beer industry.” The company said it is optimistic about the prospects of the talks, which are now focused on a “discussion with a leading brewer” in the region.