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BDO Unibank not bidding for San Miguel stake in Bank of Commerce

2015-03-23 07:50:59| Beverages - Topix.net

The Philippines' largest lender, BDO Unibank Inc, said on Monday it is not bidding for industrial conglomerate San Miguel Corp's controlling stake in mid-sized lender Bank of Commerce. Last month, San Miguel said it was evaluating an offer from Japan's Mizuho Financial Group Inc to buy its majority stake in unlisted Bank of Commerce, the country's 15th-largest lender by assets.

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