Philippines food and drink group San Miguel Corp. has reportedly joined the race to acquire UK-based snack maker United Biscuits.

According to ABS-CBN News, San Miguel has confirmed it submitted a bid for the Jacob’s maker, with CEO Ramon Ang confirming the news in a text message.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Earlier this month, San Miguel told just-food it was “evaluating a bid”.  It did not respond to requests for comment on the matter today when approached.

Kellogg, UK firm Burton’s Biscuit Co. and Turkey’s Ulker have been said to be among the companies who have submitted first-round bids for United Biscuits. just-food understands the McVitie’s owner has received takeover offers of over GBP2bn.

In the past Saudi Arabia’s Savola Group and Italy’s Ferrero Group have also been linked to the auction.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now