James Lang, Jon Castillo and Paul Diaz ruled the Urban Extreme Sports Challenge held during the Red Horse Beer Pambansang Muziklaban grand finals recently in Pasay City.

Plant officials of beer market leader San Miguel Brewery Inc. (SMB) proudly show the awards they won in the recently held Don Emilio Abello Energy Efficiency Awards (DEAEEA) 2012.

SMB to acquire 100% of SMC's international beer business

San Miguel Corporation and San Miguel Brewery Inc. today announced that the Philippine beer subsidiary, a joint venture partnership with Kirin Holdings Company, Limited, has signed a Share Purchase Agreement with the parent company to acquire SMC's international beer business subsidiary, San Miguel Brewing International Limited.

SMB will acquire all 100% of SMBIL with an enterprise value of US$300 million. The transaction will be funded by external debt and is expected to be completed sometime end-January 2010.

"By integrating both the domestic and international beer businesses, we can improve the growth and returns of the business as a whole and broaden SMB Inc.'s geographic participation, strengthening our brands and presence in the region," said Ramon S. Ang, president of San Miguel Corporation.

Roberto N. Huang, president of SMB Inc., said, "With this acquisition, San Miguel Brewery is expanding its footprint to a bigger and broader platform in Southeast Asia and China, and potential access to Kirin's platform in other developed and emerging markets in Asia.

"Additional brewing facilities overseas will offer greater operating flexibility for SMB's operations," Huang added "and provide real opportunity for enhancing the already solid performance of our domestic operations."

The Royal Bank of Scotland (RBS) was SMC's sole financial adviser for the transaction. ING acted as an independent financial adviser for SMB Inc.

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