SMC to acquire Eagle Cement

By Ed Paolo Salting

Oct 06, 2022 12:16 am

SAN Miguel Corp. (SMC) announced it was in talks with Philippine Stock Exchange-listed cement firm Eagle Cement Corp. (ECC) to purchase the company.

SMC disclosed that the board of directors, with the endorsement of its Related Party Transactions Committee, authorized the acquisition of 88.5 percent of ECC, which is engaged in the business of manufacturing, marketing, sales and distribution of cement.

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