San Miguel Corp., the largest food and beverage group in south-east Asia, is seeking a US$1.2bn loan to refinance existing debt.


The Philippines-based conglomerate gave no other details of its plans in a statement issued to the country’s stock market this morning (8 August).


San Miguel, which has leading domestic positions across a range of food and drink sectors, is also looking to invest at least $750m in power, mining, infrastructure and property to boost growth.


Last month, San Miguel said it had started talks to sell a stake in Australia’s National Foods Group to Japanese company Kirin Brewery Co.


Kirin, one of Japan’s leading brewers, is a long-time partner of San Miguel and owns a 20% stake in the company.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

San Miguel bought National Foods two years ago in a deal valued at around A$1.9bn (US$1.6bn).