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