San Miguel Corp to buy Eagle Cement via P97-B takeover deal
Cement

San Miguel Corp to buy Eagle Cement via P97-B takeover deal

As billionaire Ramon S. Ang consolidates his businesses, conglomerate San Miguel Corp plans to take control of subsidiary Eagle Cement in a P97 billion deal.

In a stock exchange statement, SMC stated that its board of directors and the related party transaction committee approved the acquisition of 88.5 per cent of Eagle Cement, a publicly traded cement company, at the approved price of P22.02 per share.

This was a 43 per cent increase over Eagle Cement's previous closing price of P15.40 per share. SMC will also make a mandatory tender offer to the minority owners of Eagle Cement.

Ang is the president and COO of SMC, one of the country's largest corporations with operations in food, beverages, power, and infrastructure.

As billionaire Ramon S. Ang consolidates his businesses, conglomerate San Miguel Corp plans to take control of subsidiary Eagle Cement in a P97 billion deal. In a stock exchange statement, SMC stated that its board of directors and the related party transaction committee approved the acquisition of 88.5 per cent of Eagle Cement, a publicly traded cement company, at the approved price of P22.02 per share. This was a 43 per cent increase over Eagle Cement's previous closing price of P15.40 per share. SMC will also make a mandatory tender offer to the minority owners of Eagle Cement. Ang is the president and COO of SMC, one of the country's largest corporations with operations in food, beverages, power, and infrastructure.

Next Story
Infrastructure Transport

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Next Story
Infrastructure Urban

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Next Story
Technology

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?