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San Miguel open to selling stake in brewer to Kirin

Philippine food-to-power conglomerate San Miguel says it is willing to sell its 51 percent in flagship firm San Miguel Brewery to Japan’s Kirin Holdings, although no offer has been received.

A sale would help San Miguel, which makes 9 of every 10 beers sold in the Philippines, raise more money for its aggressive push into heavy industry including power, infrastructure, telecommunications and mining.

(Source: CNBC)