Bloomberg News

San Miguel Says It’s Finalizing Exxon Mobil Malaysia Deal

March 01, 2012

San Miguel Corp. (SMC) said it’s finalizing through unit Petron Corp. (PCOR) its acquistion of Exxon Mobil Corp. (XOM)’s refining business in Malaysia.

San Miguel is also in talks to sell its controlling stake in Bank of Commerce to CIMB Group Holdings Bhd. (CIMB), it said in a disclosure to the stock exchange today.

To contact the reporter on this story: Norman P. Aquino in Manila at naquino1@bloomberg.net

To contact the editor responsible for this story: Cecilia Yap at cyap19@bloomberg.net


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