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Diversifying conglomerate San Miguel Corp. will raise its shareholdings in Petron Corp. to around 67 percent when it exercises its option to acquire as much as 60 percent of the oustanding shares of Sea Refinery Corp. on or before Dec. 15, 2010.
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                    [Title] => Food giant San Miguel to buy oil refinery stake
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San Miguel Corp., the Philippines' biggest food and beverage conglomerate, said today it will buy a stake in the country's largest oil refinery Petron Corp.
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SEA REFINERY

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abtest

SMC to raise stake in Petron

By Zinnia B. Dela Peña | September 2, 2010 - 12:00am

Diversifying conglomerate San Miguel Corp. will raise its shareholdings in Petron Corp. to around 67 percent when it exercises its option to acquire as much as 60 percent of the oustanding shares of Sea Refinery...

Business

Food giant San Miguel to buy oil refinery stake

April 26, 2010 - 9:32pm

San Miguel Corp., the Philippines' biggest food and beverage conglomerate, said today it will buy a stake in the country's largest oil refinery Petron Corp.