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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

MPIC to pursue buyout of Ayala stake in LRT-1

Metro Pacific Investments Corp. plans to buy out the 35 percent stake of the Ayalas in the operator of Light Rail Transit Line 1 to beef up MPIC’s portfolio for its eventual bid for other railways......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 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

Chery Tiggo dispatches Army

Chery Tiggo secured the second spot and eliminated the Philippine Army in the process with a 25-16, 25-14, 26-28, 25-15 win at the end of the PNVF Champions League elimination round yesterday at the Rizal Memorial Coliseum......»»

Category: sportsSource:  philstarRelated NewsFeb 9th, 2024

Chery Tiggo ousts Army for No. 2 semis spot

Chery Tiggo secured the second spot and eliminated the Philippine Army in the process with a 25-16, 25-14, 26-28, 25-15 win at the end of the PNVF Champions League elimination round......»»

Category: sportsSource:  philstarRelated NewsFeb 8th, 2024

Van Sickle leads Petro Gazz past Army

Filipino-American sensation Brooke Van Sickle lived up to lofty billing as Petro Gazz ushered in a new era with an easy 25-11, 25-19, 25-19 win over the Philippine Army in the opener of the PNVF Champions League yesterday at the Rizal Memorial Coliseum......»»

Category: sportsSource:  philstarRelated NewsFeb 5th, 2024

PVL clarifies eligibility of Jaja Santiago, Jia De Guzman after overseas stints

The Premier Volleyball League (PVL) clarified the eligibility of former players Jaja Santiago and Jia Morado-De Guzman as they recently ended their respective stints in the Japan V. League......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2024

Undefeated Creamline, Cignal share early top spot in PVL All-Filipino tilt

Dominant PVL squads Creamline and Cignal stretch out their rotations in respective sweeps of winless Galeries Tower and Nxled to share the No. 1 spot in the 2024 All-Filipino Conference.....»»

Category: newsSource:  rapplerRelated NewsMar 7th, 2024

Queens of the sands: PVL MVP Sisi Rondina praises Brooke Van Sickle after 5-set war

Beach volleyball standouts-turned-indoor court stars Sisi Rondina and Brooke Van Sickle go toe-to-toe in the first of likely many must-see clashes between PVL contenders Choco Mucho and Petro Gazz.....»»

Category: newsSource:  rapplerRelated NewsFeb 28th, 2024

Harsh welcome: Petro Gazz, Chery Tiggo school PVL newcomers Strong Group, Capital1

PVL veteran squads Petro Gazz and Chery Tiggo show no letup to start the 2024 All-Filipino Conference, respectively drubbing league debutants Strong Group and Capital1 in dominant sweeps.....»»

Category: newsSource:  rapplerRelated NewsFeb 21st, 2024

CATCH UP: Recapping PVL teams’ player moves after wild 2023 offseason

Keep track here of all major player movements in the PVL, including the arrival of two new teams, ahead of a landmark 2024 season and a new All-Filipino Conference.....»»

Category: newsSource:  rapplerRelated NewsFeb 17th, 2024

PVL launches All-Filipino Conference

PVL launches All-Filipino Conference.....»»

Category: newsSource:  sunstarRelated NewsFeb 15th, 2024

Heart at center of Capital1 s arsenal for PVL campaign, says Gorayeb

He may not have the luxury of a long and careful preparation, but Roger Gorayeb is banking heavily on his players’ big fighting heart in their bid to pull off some surprises in the PVL All-Filipino Conference......»»

Category: newsSource:  philstarRelated NewsFeb 13th, 2024