JG Summit to buy Govt's Petron Stake

**uls** · May 8th, 2008 04:10 PM

http://www.bloomberg.com/apps/news?p...u.0&refer=home

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wanna get free gas?

Go work for Gokongwei.

hehe

**zero** · May 8th, 2008 05:26 PM

bigla nga raw tumaas ang shares ng petron sa stock exchange.

sayang ito sa part ng phil. gov. dahil performing asset ito.

**Isuzoom** · May 8th, 2008 05:33 PM

Let the real businessmen run the corporate world....not the polticians.. I believe the gokongwei will transform petron into a notch higher oil company. ....they want petron because of their cebu pacific planes who consumes jet fuel. it is a win win situation for the government and jg summit...hope they can sell low cost fuel like their low cost airline.

**jpdm** · May 8th, 2008 06:05 PM

It will be definitely good for the country as a whole because a very professional Filipino conglomerate will buy a leading oil and petrochemical company...

There will be synergy with the entry of JGSummit into Petron.

JGSummit through its JGSummit Petrochemical Corp.-the only integrated petrochemical company operating in a very lucrative resin and plastic industry in the country-will tremendously benefit especially with the recent opening of Petron's PetroFCC and Propylene Recovery Unit (PRU) plants because the products of these plants will supply the raw material requirements of JGSummit....

For instance, JGSummit owns C2 brand and Nestle Mineral water...these products needs plastics or PET bottles, raw materials come from these petrochemical plants. So costs will be reduced if requirements come from JGSummit's other firms....

Malaki kita sa petrochemical plus the no.1 position of Petron in the oil industry (40%) with the biggest and most modern refinery in the country (an advantage because imported refined oil products are more expensive), solve problem nila sa oil price fluctuation at makikinabang ang Cebu-Pacific airline......

Sana Bilhin na ng Gokongwei hindi lang yung government stake pati na yung sa Aramco-Ashmore....

**mazdamazda** · May 8th, 2008 06:23 PM

Originally Posted by uls

wanna get free gas?

Go work for Gokongwei.

hehe

Are you sure?

We aren't even getting free drinking water. Hehe.

:rofl:

**sequoia** · May 8th, 2008 08:19 PM

parang ang intindi ko sa news binibili niya (JG) yung share ng Aramco na binenta ng government natin sa aramco dati. may share pa palang natira ang gobyerno natin?

**uls** · May 8th, 2008 10:06 PM

Originally Posted by mazdamazda

Are you sure?

We aren't even getting free drinking water. Hehe.

:rofl:

free C2?

free Chippy?

free FHM?

hehe

**Isuzoom** · May 8th, 2008 10:36 PM

imagine mo lahat ng petron meron ministop and handyman. uniform ng gas boy litton textile...ursumco sugar central makes biofuel...all stations uses sun cellular plus load...lahat ng summit magazine esp. top gear available sa petron.