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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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SEA REFINERY CORP

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San Miguel hikes Petron stake to 68%

By Donnabelle L. Gatdula | December 17, 2010 - 12:00am

Diversifying conglomerate San Miguel Corp. (SMC) said yesterday it has increased its stake in Petron Corp., the country’s largest oil refiner, to a controlling 68 percent.

Business

San Miguel increases stake in Petron

December 16, 2010 - 8:51pm

Philippine conglomerate San Miguel Corp. has increased its stake in the country's largest oil refiner.

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.