DAVAO-BASED businessman Dennis Uy has completed his acquisition of the local operations of FamilyMart, which currently has 67 outlets in the country, via listed Phoenix Petroleum Philippines, Inc.

In a disclosure to the Philippine Stock Exchange (PSE), Phoenix Petroleum said on Thursday it had acquired 100 percent of Philippine FamilyMart CVS, Inc. (PFM) from SIAL CVS Retailers, Inc., FamilyMart Co., Ltd. and Itochu Corp.

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