By Chalida Ekvitthayavechnukul
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.
CitySavings, the thrift banking arm of listed lender UnionBank, is acquiring smaller rival PR Savings Bank for an undisclosed amount.
Ayala Land will buy an additional 17.24% stake in MCT in a deal worth $50.4 million. The deal will also trigger a mandatory requirement for the former to bid for the rest of MCT.
AboitizPower International struck a Share Purchase Agreement with SunE Solar BV, the parent company of SunEdison Philippines BV, for the deal.
The 40% acquisition will give Metrobank full ownership of MCC, one of the leading credit card companies in the Philippines.
In an advisory, the BSP advised the public to be cautious regarding the acquisition, possession, and trading of virtual currencies or dealing with related offers, even as it reiterated that it does not endorse these currencies as legal tender, store of value, or an investment vehicle.
Willibaldo Uy, and Alexander Sotto will take charge as as president and CEO, and chief operating officer of the company, respectively.
The planned acquisition is in line with Cirtek’s strategy to expand its business.
Philippine-listed Golden Haven Memorial Park is entering the country’s mass housing market through its acquisition of Bria Homes for $65 million.