Philippine conglomerate San Miguel Corp said it was in talks to join a locally-owned consortium that will bid for a state contract to upgrade an international airport north of the capital, reported Reuters.
The company told the stock exchange it was looking at joining the Philco Aero Group in seeking the contract for the Diosdado Macapagal International Airport (DMIA), a former US military airbase at Clark.
It was earlier reported Korea Airports Corp would acquire a five percent stake in Philco Aero Group. It said the consortium also included Posco Engineering and Construction, Samil PricewaterhouseCoopers and Korea Development Bank.
The government wants to expand the capacity of DMIA, which currently caters mostly to budget airlines, but has yet to decide whether to make it the country's main international gateway, replacing Manila's Ninoy Aquino International Airport (NAIA).
In April, San Miguel agreed to buy a majority stake in Caticlan International Airport Development Corp, which operates the airport nearest to Boracay island in central Philippines, a popular tourist destination.
The 120-year old San Miguel has been aggressively diversifying into heavy industry, including power, mining, oil refining and telecommunications and infrastructure.
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