San Miguel Corporation (SMC) is engaged in businesses, such as beverage, food, packaging products power, fuel and oil, infrastructure, mining, telecommunications, property development, and aviation. The Company operates under seven segments: beverage, food, packaging, power generation and distribution, fuel and oil, infrastructure and telecommunications. The Company�s operations include the production and marketing of ready-to-cook and processed chicken, fresh pork and beef and value-added meats, milk, butter, cheese, margarine, ice cream, flour products, coffee, cooking oil and animal and aquatic feeds. In October 2013, Privado Holdings Corp raised its stake from 0.166% to 11.382% in San Miguel Corporation. Effective December 11, 2013, JG Summit Holdings Inc acquired a 27.12% interest in Manila Electric Co, from San Miguel Corp.