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                    [ArticleID] => 97032
                    [Title] => SMC, European firm eye Purefoods
                    [Summary] => The Ayala group is selling its 93-percent controlling stake in Purefoods Corp. and is now in the final stages of talks with food and beverage giant San Miguel Corp. (SMC) and European equity fund management company, CVC, to raise funds for the expansion program of subsidiary Globe Telecom. 


While the Ayala and Purefoods management prefer CVC’s offer, the final determinant will be the price. "If SMC bids higher, then they will sell it to SMC," highly placed sources told The STAR yesterday. The offers range from P7 billion to P10 billion.


                    [DatePublished] => 2001-02-14 00:00:00
                    [ColumnID] => 133272
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PUREFOODS-HORMEL INC

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                    [ArticleID] => 97032
                    [Title] => SMC, European firm eye Purefoods
                    [Summary] => The Ayala group is selling its 93-percent controlling stake in Purefoods Corp. and is now in the final stages of talks with food and beverage giant San Miguel Corp. (SMC) and European equity fund management company, CVC, to raise funds for the expansion program of subsidiary Globe Telecom. 


While the Ayala and Purefoods management prefer CVC’s offer, the final determinant will be the price. "If SMC bids higher, then they will sell it to SMC," highly placed sources told The STAR yesterday. The offers range from P7 billion to P10 billion.


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abtest

SMC, European firm eye Purefoods

February 14, 2001 - 12:00am

The Ayala group is selling its 93-percent controlling stake in Purefoods Corp. and is now in the final stages of talks with food and beverage giant San Miguel Corp. (SMC) and European equity fund management company,...

Business