San Miguel to acquire Eagle Cement for $1.6 billion

Philippine conglomerate San Miguel will acquire 88.5% of Eagle Cement for 97.4 billion pesos ($1.6 billion) to strengthen its infrastructure businesses.

“Philippine conglomerate San Miguel will acquire Eagle Cement, also of the Philippines, for 97.4 billion pesos ($1.6 billion) in a move aimed at strengthening its infrastructure businesses.”asia.nikkei.com

• 3 sources
• asia.nikkei.comPhilippines' San Miguel to acquire major cement maker for $1.6bn - Nikkei AsiaYUICHI SHIGA, Nikkei staff writerOct 5, 2022
• bworldonline.comSMC’s Eagle Cement acquisition seen to cut costs - BusinessWorld OnlineCEDTyCleaOct 5, 2022
• constructionworld.inSan Miguel Corp to buy Eagle Cement via P97-B takeover dealOct 7, 2022

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