By Mars Woo
Government-owned Land Bank of the Philippines seeks to acquire majority stake in Philippine Dealing System Holdings to increase profits while property giants Ayala Land and Eton Properties are co-investing P53 billion in a township project. Landbank seeks to acquire majority stake in PDS Holdings State-run lender Land Bank of the… Read more »
Banking giant Metrobank is raising fresh capital through a stock rights offering while SM Prime is offering as much as P20 billion in new bonds.
The acquisition of the 500,000 common shares of stock of TCS in PDS Holdings gives PSE a total of 69.03 per cent ownership in the fixed-income exchange operator.
The latest deal will boost PSE’s stake in PDS Holdings to 61.03 percent.
Phoenix Petroleum will put up FamilyMart stores in central business districts, targeting BPO employees.
The acquisition by SM Retail of Goldilocks was approved after the two parties submitted their commitment to address potential competition issues in the deal.
Ayala and Yuchengco are discussing a potential merger while listed firm Marcventures Holdings is merging with two mining firms.
IPOs in the Philippines have remained scarce with only four listings in 2017.
Around 32 per cent stake in EDC is held by a consortium comprising funds managed by Macquarie Infrastructure and GIC-backed Arran Investment.
Listed firm SBS Philippines is acquiring a 5-hectare property for $10.4 million from a unit of Coca-Cola.