Deal worth P1B awaits antitrust clearance
CONGLOMERATE SM Investments Corp. (SMIC) is searching for a minority stake as strategic investor in dormitory chain MyTown.
Jose T. Sio, SMIC chief monetary officer and executive vp, referred to the SM organization has talked to MyTown developer and operator Philippines Urban Living Solutions Inc. (PULS) about shopping for a minority, non-controlling stake for more than P1 billion.
SMIC is going into an attractive task as a strategic investor, considering it has no information in the discipline.
Finance frog blog 