San Miguel
On November 6, 2017, SMC announced the consolidation of its beverage businesses into San Miguel Pure Foods Company, Inc. through a share swap deal. San Miguel Pure Foods Company, Inc. will acquire 7.86 billion shares in San Miguel Brewery, Inc. from SMC. As a result, San Miguel Pure Foods Company, Inc. will own 51% of San Miguel Brewery, Inc. After the consolidation, San Miguel Pure Foods Company, Inc. will be renamed San Miguel Food and Beverage, Inc.