SUMMARY
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San Miguel Corporation bought the 49% stake of businessman Salvador Zamora in the $1.6-billion Metro Rail Transit Line 7 (MRT7) deal. The acquisition, worth $100 million, resulted in San Miguel owning 100% of the company which holds the exclusive right to design, construct, and complete the MRT7. The railway system will run from San Jose del Monte in Bulacan to North Avenue in Quezon City.
Here’s the full story on the San Miguel deal.
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