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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

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

San Miguel income soars to P44.7 billion in 2023

Diversified conglomerate San Miguel Corp. expects to sustain its growth momentum this year after earnings soared in 2023 on the back of significant volume growth across its key businesses......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

The biggest infra company

San Miguel Corp. president and CEO Ramon S. Ang and Metro Pacific Investments Corp. chair, president and CEO Manuel V. Pangilinan are talking to merge their respective tollways operations – SMC Tollways (under San Miguel Infrastructure Holdings) and Metro Pacific Tollways Corp. MPIC......»»

Category: newsSource:  philstarRelated NewsMar 13th, 2024

SMC launches PHL’s first complete biodiversity offset Site in Bulacan

San Miguel Aerocity, Inc. (SMAI), a subsidiary of San Miguel Corporation (SMC), has inaugurated its Saribuhay sa Dampalit project in Barangay Pamarawan, Malolos, Bulacan. This pioneering initiative marks the launch of the Philippines’ first Biodiversity Offset Program (BOP)  — part of the company’s nature-based solutions to building its New Manila International Airport project (NMAI) in ….....»»

Category: filipinoSource:  hatawtabloidRelated NewsFeb 25th, 2024

San Miguel consortium wins P171-B NAIA operations, rehab project

The Department of Transportation announced on Friday that the San Miguel Consortium had been awarded the P170.6-billion contract to operate, maintain and rehabilitate NAIA......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

First Bulacan, now NAIA: San Miguel-led group will operate Philippines’ main airport

(1st UPDATE) Ramon Ang first reached for the skies in 2020 when he snapped up the franchise for an international airport in Bulacan. Now, San Miguel and its partners have bagged an even bigger prize in NAIA......»»

Category: newsSource:  rapplerRelated NewsFeb 16th, 2024

Bye, long hair: Kyt Jimenez honors dare after San Miguel title romp

San Miguel rookie Kyt Jimenez lets his teammates cut his long hair, submitting to a dare to mark his first PBA championship.....»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2024

San Miguel wins PBA Commisioner Cup crown

San Miguel wins PBA Commisioner Cup crown.....»»

Category: newsSource:  sunstarRelated NewsFeb 15th, 2024

Apex Predator: San Miguel’s Perez sweetens fruitful career with Finals MVP hardware

It was a long and winding road for San Miguel guard CJ Perez, but “The Predator” finally got his PBA Finals Most Valuable Player plum......»»

Category: sportsSource:  philstarRelated NewsFeb 15th, 2024

Valentine’s coronation: San Miguel lifts 29th PBA title after impassioned comeback

CJ Perez takes over in the fourth quarter as San Miguel finishes off Magnolia in Game 6 to rule the PBA Commissioner's Cup.....»»

Category: newsSource:  rapplerRelated NewsFeb 14th, 2024

Fajardo goes against doctor’s advice to help San Miguel near PBA title

Despite dealing with calf issues and being advised to rest, June Mar Fajardo still helps San Miguel close in on the PBA Commissioner's Cup crown.....»»

Category: newsSource:  rapplerRelated NewsFeb 12th, 2024