Aboitiz, PetNet ink $22.5m equity acquisition deal in PH

From the website of Aboitiz

Philippine-based holding firm
Aboitiz Equity Ventures Inc earlier disclosed that it acquired a 51 per cent equity interest in PetNet Inc, the largest Western Union agent network in the country.

Aboitiz paid $22.5 million (P1.03 billion) in the transaction, acquiring a total of 2,461,338 of PetNet’s shares priced at P407.78 apiece.

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