INQUIRER.net: SMC to take new investors in banking, power

INQUIRER.net Philippine News for Filipinos

SMC to take new investors in banking, power Jul 12th 2013, 00:59 MANILA, Philippines—Conglomerate San Miguel Corp. plans to take in new strategic investors for its banking and power-generation units as it pursues a diversification program that includes forays into infrastructure and heavy industry.   SMC expects to gain a controlling stake in the local cement manufacturing firm, Northern Cement Corp. this year, and intends to build a cement manufacturing capacity of 10 million tons a year in the next two to three years, company president Ramon S. Ang told reporters after the stockholders meeting on Thursday of subsidiary San Miguel Brewery.   Dream airport   SMC is also keen to pursue its "dream airport" proj... Keep on reading: SMC to take new investors in banking, power Media files: ramon-s.-ang.jpg (image/jpeg)

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