UPDATE 1-San Miguel says may bid for PNOC-EC stake

Newswire

(Adds more details, background) MANILA, Aug 22 (Reuters) - The Philippines' San Miguel group is interested in bidding for a stake in government-controlled oil and gas explorer PNOC-Exploration Corp , a senior official said on Friday. "We will try to buy at the right price. It's a jewel," San Miguel president Ramon Ang told reporters. The government plans to initially sell a 40 percent stake in PNOC-EC before the end of the year to help bridge its budget deficit, which is expected to ...

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