Philippines: San Miguel Sells Del Monte Stake to JV Partner
SAN MIGUEL CORPORATION
CORPORATE AFFAIRS OFFICE
MEDIA AFFAIRS
April 13, 2007
NEWS RELEASE
SAN MIGUEL SELLS DEL MONTE STAKE TO JV PARTNER
San Miguel Corporation and the NutriAsia Group controlled by Joselito D. Campos today announced that San Miguel is selling its entire minority stake in joint venture company NutriAsia San Miguel Holdings Ltd. to the NutriAsia Group. NutriAsia San Miguel Holdings Ltd. owns 100% of NutriAsia Pacific Ltd. which in turn owns 84.5% of Del Monte Pacific, Ltd. (DMPL).
