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PAL shareholder San Miguel to sell stake

Dino D'Amore
By Dino D'Amore Jul 30, 2014 1 mins read
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PAL shareholder San Miguel to sell stake

Philippine Airlines minority shareholder, San Miguel Corp, has confirmed it is in talks with majority shareholder Lucio Tan Group, concerning the possible re-sale of its 49% stake back to Lucio Tan. San Miguel acquired its stake in Trustmark Holdings from Lucio Tan for $500million in 2012. Trustmark...

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