San Miguel Corp. Buys GSIS Stake in MERALCO

Posted by Bob
October 28, 2008

It is now official! San Miguel Corp. (SMC) will buy the 27% stake of the Government Service Insurance System (GSIS) at MERALCO, price of which is PHP90.00 per share — payable in three years. This was confirmed based on Disclosure 7393-2008 (October 27, 2008) received by the Philippine Stock Exchange Commission.
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