# 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.

- Type: Acquisition
- Announced: 2022-10-05
- Where: Philippines
- Value: $1.60B (97.4B PHP)
- Status: announced
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [San Miguel Corp](https://endata.com/companies/5541.md) (acquirer)
- [Eagle Cement](https://endata.com/companies/25286.md) (target)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/business-deals/philippines-san-miguel-to-acquire-major-cement-maker-for-1.6bn), 2022-10-05: "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."
- [bworldonline.com](https://bworldonline.com/corporate/2022/10/06/478903/smcs-eagle-cement-acquisition-seen-to-cut-costs/), 2022-10-05: "On Wednesday, SMC said that a special board meeting on Oct. 4 authorized the acquisition of 88.5% of Eagle Cement, which manufactures and distributes cement."
- [constructionworld.in](https://www.constructionworld.in/cement-news/san-miguel-corp-to-buy-eagle-cement-via-p97-b-takeover-deal/36861), 2022-10-07: "San Miguel Corp plans to take control of subsidiary Eagle Cement in a P97 billion deal."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.