SSS mulls Philex Mining shares sale
Manila — The Social Security System has expressed willingness to sell its stake in Philex Mining, saying an attractive offer could prompt it to give up its income-generating investment.
Emilio de Quiros, president and chief executive officer of SSS, told reporters that selling its shares in the mining firm could be part of its investment strategies if doing so would prove to be practical.
SSS has a 22.43-percent stake in Philex.
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“We are studying the possibility of selling. There will always be a buyer,” he said in an interview with finance reporters. If the offer was attractive, De Quiros said, then SSS might consider selling.
De Quiros said the SSS portfolio investments, including those in Philex, have been profitable. /INQUIRER
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