Philippine Digest: Landbank eyes majority stake in PDS; Ayala teams up with Eton


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 »

Philippine Digest: Metrobank, SM Prime to raise fresh funds

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.

TCS sells PDS Holdings stake to Philippine Stock Exchange for $3m

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.

Philippine Stock Exchange buys San Miguel’s stake in PDS Holdings

The latest deal will boost PSE’s stake in PDS Holdings to 61.03 percent.

Philippine Digest: Phoenix Petroleum completes FamilyMart buy, AboitizPower invests in 4 new plants

Phoenix Petroleum will put up FamilyMart stores in central business districts, targeting BPO employees.

Philippines: Antitrust body approves SM Retail’s acquisition of Goldilocks Bakeshop

The acquisition by SM Retail of Goldilocks was approved after the two parties submitted their commitment to address potential competition issues in the deal.

Philippines: Ayala, Yuchengco to combine education units; Marcventures merges with two miners

Ayala and Yuchengco are discussing a potential merger while listed firm Marcventures Holdings is merging with two mining firms.

Philippine Stock Exchange mulls changes in trading, tech to reinvigorate fundraising

IPOs in the Philippines have remained scarce with only four listings in 2017.

IFC may extend $90m debt to Philippines’ Energy Development Corp

Around 32 per cent stake in EDC is held by a consortium comprising funds managed by Macquarie Infrastructure and GIC-backed Arran Investment.

Philippine Digest: SBS acquires land parcel; PLDT inks $28.5m pact with Huawei

Listed firm SBS Philippines is acquiring a 5-hectare property for $10.4 million from a unit of Coca-Cola.