San Miguel
On November 6, 2017, SMC announced the consolidation of its beverage businesses into San Miguel Pure Foods through a $6.6-billion share swap deal. San Miguel Pure Foods would acquire 7.86 billion shares in San Miguel Brewery Inc. and 216.97 million shares in Ginebra San Miguel Inc. from SMC. After the consolidation, San Miguel Pure Foods would be renamed San Miguel Food and Beverage, Inc.