Landbank Eyes 49% Stake in PDS Before 2019 Ends
The state-run Land Bank of the Philippines is eyeing to acquire a 49-percent stake in Philippine Dealing System Holdings Corp. (PDS) before this year ends to become the biggest shareholder in the bond trading platform.
“We are working on the regulatory clearances, and we hope to finish it [the acquisition] within the year,” Landbank president and chief executive Cecilia C. Borromeo told reporters in a chance interview Wednesday.