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PAL revives stake sale to investors

Taipan Lucio Tan has revived plans to sell a significant stake in Philippine Airlines (PAL) to a strategic investor who could help the flag carrier soar to even greater heights, industry sources said......»»

Category: financeSource:  philstarRelated NewsFeb 27th, 2024

REDC anchor investor buys secondary share stake

This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»

Category: financeSource:  philstarRelated NewsFeb 15th, 2024

Germany mulling sale of stake in top gas importer - Bloomberg

Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's main gas importer Uniper, which was bailed out during the energy crisis of 2022, Bloomberg reported on Wednesday, citing people familiar wi.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

Germany mulling stake sale in major gas importer - Bloomberg

Uniper was nationalized after facing 40 billion in losses due to the halt in Russian gas supplies The German government is preparing to sell part of its 99% stake in the country's major gas importer Uniper, which was bailed out during the energy crisis in 2022, Bloomberg reported on Wednesday, citing people familiar w.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 3rd, 2024

MPTC to sell stake in Vietnam firm

Metro Pacific Tollways Corp. (MPTC) will sell its Vietnam operations for at least P4 billion to simplify its business structure in preparation for the possible merger with the toll road operations of San Miguel Corp. (SMC)......»»

Category: financeSource:  philstarRelated NewsMar 11th, 2024

MRC Allied buys 31% stake in Rappler

MRC Allied disclosed that it has agreed to purchase the entirety of Dolphin Fire Group’s 31.2% interest in Rappler Holdings Corp, which is the parent company of the Rappler news company......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

SM Investments buys 28.79% stake in CREIT for P5-B

SM Investments spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT from CREIT’s parent company, Citicore Renewable Energy Corp., at a price of P2.6534/share......»»

Category: financeSource:  philstarRelated NewsApr 1st, 2024

Jollibee invests $28 million in beverage tech firm

Filipino-owned Asian food conglomerate Jollibee Foods Corp. is investing $28 million for a 10 percent stake in beverage technology company Botrista Inc. to support the growth of its coffee and tea business......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Mega Prime acquires Jimm’s Coffee Mix

Canned sardines maker Mega Prime Foods Inc. is adding coffee in its product portfolio with the acquisition of select assets of Goldshine Pharmaceuticals Inc., the company behind Jimm’s Coffee Mix products......»»

Category: financeSource:  philstarRelated NewsMay 14th, 2024

Stonebridge acquires P500 million shares in RCI

Stonebridge Corp. has purchased 250 million shares or approximately nine percent of Roxas and Co. Inc. for P500 million......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

UP acquires Gilas Youth standout Jacob Bayla

The University of the Philippines Fighting Maroons shored up their frontline after securing the commitment of former Gilas Pilipinas youth standout Jacob Bayla......»»

Category: sportsSource:  philstarRelated NewsMay 5th, 2024

DMCI Holdings acquires Cemex PH parent company for $305.6-M

DMCI Holdings [DMC 10.86 ?0.7%; 52% avgVol] [link] and Semirara Mining and Power [SCC 32.50 ?0.8%; 22% avgVol] acquired Cemex Asian South East Corp (CASEC), the parent company of Cemex Philippines [CHP 1.36 ?28.4%; 267% avgVol], in a deal worth $305.6 million (~P17.6 billion)......»»

Category: financeSource:  philstarRelated NewsApr 29th, 2024

Producers Savings Bank acquires Leyte rural bank

Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Balai acquires Sugarhouse

Listed bakery operator Balai ni Fruitas Inc. is beefing up its portfolio with the addition of the 40-year-old legacy brand Sugarhouse......»»

Category: financeSource:  philstarRelated NewsApr 19th, 2024

Balai Ni Fruitas acquires Sugarhouse

Balai Ni Fruitas, a subsidiary of the Lester Yu-controlled Fruitas, disclosed that it will acquire the bakeshop Sugarhouse in a deal that is scheduled to close by the end of the month......»»

Category: financeSource:  philstarRelated NewsApr 19th, 2024

Rain or Shine receives 1st-round picks as PBA approves Nambatac trade

Rain or Shine lets go of Rey Nambatac as it acquires a pair of first-round picks from Blackwater.....»»

Category: newsSource:  rapplerRelated NewsFeb 14th, 2024

Choco Mucho acquires Tubino

Choco Mucho plucked veteran Royse Tubino recently, hoping that the former Army standout would be the last piece of the championship puzzle the franchise has long sought for in the Premier Volleyball League......»»

Category: sportsSource:  philstarRelated NewsJan 16th, 2024

PNP acquires P485 million guns, mobility assets

The Philippine National Police has procured firearms and mobility equipment amounting to P485 million......»»

Category: newsSource:  philstarRelated NewsJan 15th, 2024

Belle Corp sets PLC tender offer price at P0.85/share

Belle Corp and Premium Leisure Corp were both voluntarily suspended for the day yesterday after BEL disclosed details of its proposed tender offer to acquire PLC’s public float and eventually delist PLC from the exchange......»»

Category: financeSource:  philstarRelated NewsMar 21st, 2024

Belle to start P5.3 billion tender for PLC shares

Belle Corp., one of the portfolio investments of the Sy family’s SM Investments Corp., will start tomorrow its P5.3 billion tender offer to buy out the minority shareholders of subsidiary Premium Leisure Corp. , which will result in the latter’s delisting from the Philippine Stock Exchange......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024