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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

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

Malampaya

Our big frustration in the old Ministry of Energy was the inability to discover a big enough oil or natural gas reserves in the country......»»

Category: financeSource:  philstarRelated NewsApr 7th, 2024

Sandigan junks ex-Palawan execs’ bid to dismiss raps

The Sandiganbayan has denied the appeal of three former provincial government officials of Palawan to be allowed to seek the early dismissal of the graft and falsification cases filed against them in connection with the alleged misuse of P1.534 billion worth of proceeds from the Malampaya gas project in 2008......»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

Meralco customers to get refund in March

Customers of the Manila Electric Co. will get a refund in March corresponding to the increase in Malampaya gas price of First Gas Power Corp......»»

Category: newsSource:  philstarRelated NewsFeb 15th, 2024

Justice still elusive as environmental activists, journalists commemorate 13th death anniversary of Gerry Ortega

Ortega was known to courageously oppose influential mining aimed at exploiting the natural resources of Palawan. His colleagues firmly believe that the broadcaster was killed for reporting on the misuse of the Malampaya fund by the local government at that time. The post Justice still elusive as environmental activists, journalists commemorate 13th death anniversary of Gerry Ortega appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsJan 25th, 2024

Daluz board out; LWUA takes over MCWD

Daluz board out; LWUA takes over MCWD.....»»

Category: newsSource:  sunstarRelated NewsMar 16th, 2024

Wanky takes over as leader of PRO-Western Visayas

Wanky takes over as leader of PRO-Western Visayas.....»»

Category: newsSource:  sunstarRelated NewsFeb 18th, 2024

Golden Tigresses stake perfect record vs winless Maroons

Opposites collide as unbeaten University Santo Tomas takes on the winless University of the Philippines nearing the homestretch of the UAAP Season 86 women’s volleyball tournament first round......»»

Category: newsSource:  philstarRelated NewsMar 12th, 2024

GSIS raises RCR take to 8.18%

The Government Service Insurance System has increased its stake in the Gokongwei-owned RL Commercial REIT to 8.18% through the purchase of over 790 million shares of RCR over the past 60 days......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

Thunder takes 1-0 lead vs. Pelicans

Thunder takes 1-0 lead vs. Pelicans.....»»

Category: newsSource:  sunstarRelated News19 hr. 53 min. ago