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JGS buys 27.1% of MER from SMC


JG Summit Holdings of John Gokongwei buys 27.1% of Manila Electric Company (MERALCO) from San Miguel Corporation.

Initially, MER price per share went up and JGS price per share went down after the announcement, but I think in the long-term both companies will gain from this transaction. John Gokongwei and Manny Pangilinan will be partners again after the merger of PLDT/Smart and Digitel/Sun Cellular.

Do you have JGS and MER shares?

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