Manila, July 24 - Philippine food and drinks giant San Miguel said on Thursday it may sell part of its major businesses in a corporate restructuring but would retain a 51 percent share in all of the units.
"The restructuring may require the divestment of part of our interest in our major subsidiaries through either an IPO or follow-on offering and strategic partnerships with existing partners and other industry leaders," Chairman Eduardo Cojuangco told a shareholders' meeting.