San Miguel Seeks Controlling Stake in Philippine Refiner Petron
By Clarissa Batino
Oct. 29 (Bloomberg) -- San Miguel Corp. is aiming to have a controlling stake in Petron Corp., the larger of the two Philippine refiners, as part of its bid to expand into the energy business, President Ramon Ang said.
``We think investing into energy will give us better returns than any other field,'' Ang said in a phone interview today. ``We know what we're doing and this is the best for our shareholders.''
san miguel moving into oil
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