May 18/BusinessWorld -- San Miguel Corp. is preparing plans to consolidate its hard liquor unit with its main brewing arm, the firm's top executive said.
However, the food-to-power conglomerate will maintain a majority stake after the merger of San Miguel Brewery Inc. and Ginebra San Miguel Inc. San Miguel Brewery will in fact spend P4 billion to build four new satellite bottling plants around the Philippines, chairman Ramon S. Ang told reporters following the firm's stockholders' meeting.