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Philippines' San Miguel buys state firm's reserve gas for $1.2 billion

Philippines' San Miguel buys state firm's reserve gas for $1.2 billion

FILE PHOTO: A logo of San Miguel Corporation (SMC) is seen at a main office in Ortigas city, metro Manila February 12, 2016. REUTERS/Romeo Ranoco/File Photo

MANILA : Philippine conglomerate San Miguel Corp said on Monday its subsidiary had acquired the reserve gas of the Philippine National Oil Corp for $1.2 billion.

Source: Reuters

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