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San Miguel Brewery Looking For Growth After $300m Beer Deal

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San Miguel Brewery has reaffirmed that it is looking to grow across Asia, after announcing that it will buy the international beer unit of parent San Miguel Corp for $300m. Under the deal, SMB will fully acquire San Miguel Brewing International Ltd, funding the deal through external debt.

SMB said the deal allows it to expand its “footprint to a bigger and broader platform in Southeast Asia and China and potential access to Kirin’s platform in other developed and emerging markets in Asia”. SMB is partly-owned by Japan’s Kirin Holdings.

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Thursday, August 24, 10:41 am

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