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.

Philippines: City Savings Bank to acquire smaller rival

CitySavings, the thrift banking arm of listed lender UnionBank, is acquiring smaller rival PR Savings Bank for an undisclosed amount.

Philippine developer Ayala Land takes majority stake in Malaysia’s MCT

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.

Philippines: AboitizPower completes buyout of SunEdison in solar JV

AboitizPower International struck a Share Purchase Agreement with SunE Solar BV, the parent company of SunEdison Philippines BV, for the deal.