Tag: stake
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Pangilinan: Ayala’s LRT-1 stake talks hit ‘valuation gap’
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METRO Pacific Investments Corp. (MPIC) may reconsider acquiring Ayala Corp.’s stake in Light Rail Transit Line 1 (LRT-1) due to unresolved valuation issues, according to its chairman. “We talked to them before, but there’s a bit of a gap in valuation, and I do not know how we can bridge…
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Gov’t mulls sale of stake in SCTEx
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THE DEPARTMENT of Finance (DoF) is looking to sell the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx), possibly to state pension funds, in order to boost revenues, Finance Secretary Ralph G. Recto said. “We’re looking at selling those shares. Maybe the Social Security System (SSS) and Government Service Insurance System…
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Possible SCTEx stake seen to strengthen MPTC’s planned IPO
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THE offer from the Pangilinan-led Metro Pacific Tollways Corp. (MPTC) to acquire the government’s stake in the Subic-Clark-Tarlac Expressway (SCTEx) may help attract more investors to the company’s planned merger with San Miguel Corp. (SMC), analysts said. “SCTEx is an attractive infrastructure asset, especially given the development in the areas…
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Leviste buys 8.5% stake in ABS-CBN, becomes 2nd-largest shareholder
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SOLAR Philippines Power Project Holdings, Inc. Founder Leandro Antonio L. Leviste has bought an 8.5% stake in ABS-CBN Corp., positioning him as the media company’s second-largest shareholder after the Lopez group. Mr. Leviste bought 76.5 million shares, equivalent to 8.5% of ABS-CBN, through his companies LL Holdings, Inc. and Countryside…