IMI Expands Technology and Product Portfolio with VIA optronics Acquisition

Laguna—(PHStocks)—Integrated Micro-Electronics Inc. (PSE: IMI) and the shareholders of VIA optronics GmbH (VIA) announced the signing of a definitive agreement under which IMI will acquire a 76 percent stake in VIA, a leading optical bonding and display solutions provider, for €47.4 million. Company founder Jürgen Eichner will retain a 24 percent ownership and continue to lead […]
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BDO Acquires Full Control of Generali Pilipinas

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) recently secured final regulatory approval that allowed it to acquire full interest in Generali Pilipinas Holdings Company Inc. (GPHC). GPHC is the joint venture vehicle created out of the insurance partnership forged between BDO and Generali of Italy (Generali Group) in March 1999. GPHC is the parent firm of life insurer […]
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China Bank Capital Acquires ATC Securities

Makati—(PHStocks)—The China Bank Group (PSE: CHIB), through China Bank Capital Corp., signed the Share Purchase Agreement, subject to standard regulatory approvals, on 29 June 2016 to acquire 100% shares in ATC Securities Inc. ATC Securities was incorporated on December 13, 1978 as Cathay Asia Securities Inc. to engage in securities brokerage and dealership, and changed its name to […]
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TPG Growth to Acquire 40% Stake in BDO Subsidiary One Network Bank

Makati—(PHStocks)—TPG Growth, the middle market and growth equity investment platform of TPG, today announced an agreement with BDO Unibank Inc. (PSE: BDO), to acquire a 40 percent stake in One Network Bank (ONB). Based in Davao, ONB is the rural bank subsidiary of BDO, with more than 100 branches and offices. Following the transaction, BDO will retain approximately 60 […]
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BDO to Buy SB Cards’ Diners Club Franchise

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) and SB Cards Corp. (SB Cards), the credit card subsidiary of Security Bank Corp. (PSE: SECB), have signed an agreement whereby BDO accepted SB Cards’ offer to sell its rights as the exclusive issuer and acquirer of Diners Club International (DCI) credit cards in the Philippines. The acquisition includes SB Cards’ existing Diners Club […]
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MPIC Ups Stake in Beacon Electric

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) and PLDT Communications and Energy Ventures Inc. (PCEV) have entered into a Sale and Purchase Agreement for MPIC to acquire a further 25% interest in Beacon Electric Asset Holdings, which owns 35% of Manila Electric Co. (MERALCO, PSE: MER) and 56% of Global Business Power Corp., for an aggregate purchase price of […]
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Globe Announces Partial Acquisition of San Miguel’s Telecoms Assets

Taguig—(PHStocks)—The Board of Directors of Globe Telecom Inc. (PSE: GLO), through its Executive Committee, approved the acquisition and signing of a sale and share purchase agreement and other related definitive agreements for the following entities: 50% of the issued and outstanding capital stock of Vega Telecom Inc. (VTI) from San Miguel Corp. (PSE: SMC); 50% […]
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MPIC Forms Strategic Alliance with the GT Capital

Makati—(PHStocks)—Metro Pacific Investments Corp. (MPIC, PSE: MPI) has announced the following significant transactions: 1. The placing of 3.6 billion new MPIC ordinary common shares to GT Capital Holdings Inc. (PSE: GTCAP) at a price of PhP6.10 per share for a total cash consideration of PhP21.96 billion. This will be received by MPIC as a deposit for share […]
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