San Miguel readies for food business stake sale estimated to fetch $1.5b

San Miguel
A shopper picks up a package of San Miguel Pure Foods Co.'s bacon at a supermarket in Manila, the Philippines. Photographer: Edwin Tuyay/Bloomberg

San Miguel Corp., the biggest Philippine company by revenue, has asked investment banks to pitch for a role in a planned sale of shares in its listed food business this year, people with knowledge of the matter said.

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