Deals
San Miguel Raising $4 Billion to Fund Brewer Transformation
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San Miguel Corp.’s plan to raise about $4 billion by selling power assets brings it closer to funding the Philippines’ biggest company’s expansion into industries and infrastructure.
The Southeast Asian nation’s most acquisitive company plans to spend $35 billion to complete President Ramon Ang’s strategy to transform itself from a brewer and foodmaker into an investor in energy, mining, airlines and roads.