Possible stake of SM in Goldilocks ” in preliminary discussions”

August 29, 2017

SM Investments Corp. said talks for by the SM Group to acquire Goldilocks Bakeshop are "in preliminary discussions", according to a disclosure to the Philippine Stock Exchange on Tuesday.

"SM Investments Corporation is in preliminary discussions for a possible equity investment, joint venture or other cooperation arrangement with Goldilocks Bakeshop," said Elmer Serrano, corporate secretary of SM Investments Corp.

"However, the said potential investment is pending and subject to regulatory approval by the Philippine Competition Commission," added Serrano. DMS