Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Commodities  >  London Sugar May 13       

News SummaryAll news 

San Miguel In Talks To Buy 49% Of Philippine Airlines : Sources -Bloomberg News

02/23/2012 | 08:22pm US/Eastern

San Miguel Corp. (SMC.PH), the Philippine food and beverage conglomerate, is in talks to buy 49% of Philippine Airlines Inc. and take management control of the country's largest carrier, Bloomberg News reported Friday on its website, citing three unnamed sources.

San Miguel is expected to pay $500 million for the stake, the report quoted one of the sources as saying. The holdings of Lucio Tan, who controls Philippine Airlines through companies including PAL Holdings Inc. (PAL.PH), will drop to about 51% as the carrier will issue new shares, the report added.

A Philippine Airlines spokesman and San Miguel President Ramon Ang both declined comment, the report said.

Full Story: http://www.bloomberg.com/news/2012-02-23/san-miguel-said-to-be-in-talks-to-buy-49-of-philippine-airlines.html

React to this article
Latest news on LONDON SUGAR MAY 13
08/21DJRaw Sugar Ends At 10.44 Cts/Lb, Lowest Since June 12, 2008
08/10DJRaw Sugar Ends at 10.57 Cents/Lb, Lowest Since Dec. 5, 2008
08/06DJIndia Considers Sugar Export Policy to Deal with Glut
08/05DJEl Niño Tests How Soft Commodities Weather the Storm
07/29DJSugar Industry Sour on Trade Talks
07/20DJRaw-Sugar Futures End at 11.44 Cents/Lb, Lowest Since January 2009
07/20DJRaw Sugar Drops To 11.48 Cts/Lb, Lowest Since January 2009
07/13DJRaw-Sugar Futures End at 12.56 Cents/Lb, Highest Since May 20
07/06DJRaw-Sugar Futures End at 12.48 Cents/Lb, Highest Since May 21
05/28DJScandal in World Soccer Pressures Sponsors
Duration : Period :
London Sugar May 13 Technical Analysis Chart | 4-Traders