BDO Unloads PELAC Stake to Philamlife

Banco De Oro Unibank Inc. (PSE: BDO) has sold its 5% stake in Philam Equitable Life Assurance Company, Inc. (PELAC) to The Philippine American Life and General Insurance Co. (Philamlife). PELAC is the joint venture company through which the former Equitable PCI Bank (EPCIB) and Philamlife engaged in the bancassurance business. BDO acquired its 5% […]
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