Philippines' DMCI Holdings, subsidiary sell $39m shares in PIDC to San Miguel unit

Philippines' DMCI Holdings, subsidiary sell $39m shares in PIDC to San Miguel unit

Philippine diversified engineering conglomerate DMCI Holdings Inc (DMCI-HI) and its holding firm DM Consunji Inc (DMCI) have sold their shares in Private Infra Dev Corp (PIDC) pegged at $39 million (P1.82 billion) to Rapid Thoroughfares Inc, a unit of San Miguel Holdings Corp.

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