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BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis

Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

PAL denies that it has started the groundwork to sell a minority stake to strategic investor

Philippine Airlines issued a clarification to a news article that claimed PAL was looking to sell a 20% to 25% minority stake to a strategic investor, and that PAL “recently formed a team to ‘receive some offers’”......»»

Category: financeSource:  philstarRelated NewsFeb 29th, 2024

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

AboitizPower hikes stake in STEAG

Aboitiz Power Corp. has acquired an additional 15.6 percent stake in STEAG State Power Inc., boosting its equity to a majority of 85 percent......»»

Category: financeSource:  philstarRelated NewsFeb 25th, 2024

Metro Pacific exploring purchase of Ayala Corp.’s LRT-1 stake

Back in mid-January, news broke that Ayala Corp. was looking to sell its 35% stake in Light Rail Manila Corp. to the Villar Group, but that AC’s co-investor, Metro Pacific Investments, had the right of first refusal under its shareholders agreement......»»

Category: financeSource:  philstarRelated NewsFeb 22nd, 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

MGreen hikes stake in SPNEC

MGen Renewable Energy Inc. a wholly owned subsidiary of Meralco Powergen Corp., has raised its stake in integrated solar developer SP New Energy Corp......»»

Category: financeSource:  philstarRelated NewsFeb 12th, 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

Ayala Corp. is interested in selling LRT-1 stake to Villar Group

Bilyonaryo is reporting from a source that Ayala Corp. is interested in selling its 35% stake in Light Rail Manila Corp.  to Manny Villar, but that Metro Pacific Investments, AC’s co-investor in LRMC, has a right of first refusal......»»

Category: financeSource:  philstarRelated NewsJan 16th, 2024

Cosco ventures into RE with P552 million investment

Cosco Capital Inc. of retail tycoon Lucio Co has formalized its renewable energy venture with a P552-million investment for a majority stake in a company that operates a hydropower plant in Oriental Mindoro......»»

Category: financeSource:  philstarRelated NewsMar 30th, 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

Bolt cutter gang men steal P.5M worth mobile phones from Session Road gadget store

Baguio City police investigators are sifting into evidences including security cameras seeking the identities of still unknown suspects who broke into a cellular phone store along Session Road on Thursday daw......»»

Category: sportsSource:  abscbnRelated NewsApr 5th, 2024

Bolt cutter gang men steal P.5M worth mobile phones from Session Road gadget store

Baguio City police investigators are sifting into evidences including security cameras seeking the identities of still unknown suspects who broke into a cellular phone store along Session Road on Thursday daw......»»

Category: sportsSource:  abscbnRelated NewsApr 5th, 2024

EXPLAINER: Why does your phone have multiple cameras and what does each do?

Today's smartphones have transformed, boasting multiple lenses that serve diverse photographic functions. Why did it evolve this way and what does each camera do? .....»»

Category: newsSource:  philstarRelated NewsJan 26th, 2024

PNP prepares for Acorda’s retirement

The Philippine National Police has started preparations for the change-of-command ceremony and retirement honors for PNP chief Gen. Benjamin Acorda Jr......»»

Category: newsSource:  philstarRelated NewsMar 5th, 2024

Bluesky opens for anyone to sign up

Bluesky opens for anyone to sign up.....»»

Category: newsSource:  sunstarRelated NewsFeb 9th, 2024

One-stop-shop for quarry, sand, gravel ops permit opens at Ayala mall

One-stop-shop for quarry, sand, gravel ops permit opens at Ayala mall.....»»

Category: sportsSource:  abscbnRelated NewsFeb 2nd, 2024

Free shelter opens for Sto. Niño devotees

Free shelter opens for Sto. Niño devotees.....»»

Category: newsSource:  sunstarRelated NewsJan 20th, 2024

PNP expresses concern over surge in minors apprehended for vaping

PNP expresses concern over surge in minors apprehended for vaping.....»»

Category: newsSource:  sunstarRelated NewsMar 18th, 2024