SMC in talks to buy ‘big’ foreign firm

DIVERSIFIED conglomerate San Miguel Corp. (SMC), the country’s largest corporation in terms of revenue and one of Southeast Asia’s largest publicly listed companies, is in talks to acquire a foreign company that would double its asset size if the deal goes through.

SMC president and chief operating officer (COO) Ramon S. Ang said he is considering buying what he described as a “huge company” abroad that would double the size of SMC.