Philippines: San Miguel buys power firm Masin-AES for nearly $2b

Philippines: San Miguel buys power firm Masin-AES for nearly $2b

A logo of San Miguel Corporation (SMC) is seen at a main office in Ortigas city, metro Manila February 12, 2016. REUTERS/Romeo Ranoco

San Miguel Corporation has inked one of the largest deals in the Philippines’ corporate history by acquiring power firm Masin-AES for $1.9 billion. 

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