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SMC: Cojuangco uninterested in increasing stake

Eduardo Cojuangco, chairman of San Miguel Corporation (SMC), has said he would not be interested in buying the 27% stake in the company that the government claims it owns if it was put up for sale. Th…

Eduardo Cojuangco, chairman of San Miguel Corporation (SMC), has said he would not be interested in buying the 27% stake in the company that the government claims it owns if it was put up for sale. The ownership of both the Cojuangco-owned and government-owned stakes is still being contested in the courts. “I am happy with what I own – 20% is big enough for me,” Cojuangco stated at a party hosted by SMC.

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