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Billionaire Ramon Ang’s San Miguel Offers $1.6 Billion To Takeover Cement Maker Amid Philippine Construction Boom

Por: Forbes Business October 05, 2022

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San Miguel’s billionaire president Ramon Ang.JINGGO MONTENEJO is offering 97 billion pesos ($1.6 billion) to takeover affiliate Eagle Cement Corp. as billionaire —the controlling shareholder of both companies—seeks to consolidate his business interests amid a construction boom in the Philippines. Under the proposed deal, which was approved by San Miguel’s board on Tuesday, San Miguel is offering to buy 88.5%, or about 4.4 billion shares... + full article



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