# San Miguel Corp completes tender offer for Eagle Cement shares

San Miguel Corp, through San Miguel Equity Investments Inc, completed its tender offer for 572.8 million shares of Eagle Cement Corp for P12.6 billion, increasing its ownership to 99.96%.

- Type: Acquisition
- Announced: 2022-12-14
- Where: Bulacan, Philippines, Philippines
- Value: $225.0M (12.6B PHP)
- Status: completed
- 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

- [philstar.com](https://www.philstar.com/business/2022/12/15/2230782/smc-completes-tender-offer-eagle-cement-shares), 2022-12-14: "The acquisition of Eagle Cement offers a complementary approach to the current investment strategy of SMC in the cement industry that will increase its foothold in the cement business and provide the opportunity to implement its plan to expand its cement business."

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