New potential buyer of Bank of Commerce

posted October 18, 2015 at 10:30 pm
by  Jenniffer B. Austria
Mizuho Financial Group of Japan recently ended talks on the possible acquisition of San Miguel Corp.’s controlling interest in Bank of Commerce reportedly due to disagreement over the price.

San Miguel, however, is not worried because it may have attracted a new potential buyer for its bank.

Sources said San Miguel and the new potential buyer had a one-on-one meeting during the recent Forbes Global CEO Forum at Solaire Resort & Casino in Parañaque City.

The new potential buyer was reportedly keen on acquiring a bank and San Miguel informed the potential buyer that it owns a bank (Bank of Commerce) which the conglomerate was interested in selling. As the saying goes when one door closes, another door opens. Jenniffer B. Austria

Topics: Mizuho Financial Group , San Miguel Corp
COMMENT DISCLAIMER: Reader comments posted on this Web site are not in any way endorsed by The Standard. Comments are views by readers who exercise their right to free expression and they do not necessarily represent or reflect the position or viewpoint of While reserving this publication’s right to delete comments that are deemed offensive, indecent or inconsistent with The Standard editorial standards, The Standard may not be held liable for any false information posted by readers in this comments section.