San Miguel to acquire PAL stake

Victoria
By Victoria June 10, 2013 13:34

San Miguel to acquire PAL stake

It has been reported that San Miguel Corp. has agreed to acquire the entire holdings of tycoon Lucio Tan (51%) in flag carrier Philippine Airlines (PAL).
The deal is valued at $500 million. In April 2012, San Miguel paid $500 million for a 49% stake in PAL Holdings, which controls the airline.

Victoria
By Victoria June 10, 2013 13:34
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