BDO Unibank Inc., the biggest Philippine lender, may raise more capital after a $1 billion share sale two years ago as it expands outside Metro Manila to prepare for increased competition from foreign banks.
Ramon Ang, the billionaire chief of San Miguel Corp., said he’s received about $6.6 billion of offers for stakes in its brewery and gin units that will be considered should it need cash for an energy acquisition.
Alsons Consolidated Resources Inc., the oldest electricity generator on the Philippine island of Mindanao, will more than double capacity within five years as the region suffers from blackouts of as long as eight hours a day. Shares rose.
San Miguel Corp. President Ramon Ang said the Philippines’ largest company received offers for gin business Ginebra San Miguel Inc. The unit’s shares jumped in Manila trading, even as Ang said he’s not selling.