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News San Miguel Equity Investments acquires 89% Eagle Cement stake

San Miguel Equity Investments acquires 89% Eagle Cement stake

Written by Global Cement staff 07 October 2022
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Philippines: The board of directors of Eagle Cement has acknowledged the acquisition of 89% of the producer's issued shares by San Miguel Equity Investments (SMEI). SMEI has conducted a mandatory tender offer for the remainder of Eagle Cement's shares. The board adopted three resolutions, namely to extend its cooperation to SMEI, to voluntarily delist its shares on the Philippine Stock Exchange (subject to SMEI's acquisition of more than 90% of shares) and to hold a special meeting of its shareholders.

Last modified on 12 October 2022
Published in Global Cement News
Tagged under
  • Philippines
  • Eagle Cement
  • San Miguel Equity Investments
  • San MIguel
  • Shares
  • shareholders
  • board
  • Acquisition
  • Stake
  • Deal
  • GCW578

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