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JGS on the lookout for acquisitions

11 Mar

BY UNICAPITAL SECURITIES

JG Summit Holdings, Inc. (JGS), the Philippines’ second largest conglomerate by market value, remains on the lookout for acquisitions following its food subsidiary’s $609 million takeover of a New Zealand snacks maker, its president said.

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JG Summit plans to build an up to 600 megawatts coal-fired power facility south of the capital while its almost $1 billion naphtha cracker plant will reach full capacity in the coming months, with the project contributing $800 million to $1 billion in annual revenues.

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Posted by on March 11, 2015 in Corporate News, JGS, Stock Market

 

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