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Pilmico scouts for acquisition targets

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SCREENGRAB from www.pilmico.com

Pilmico Foods Corp., a unit of Aboitiz Equity Ventures, is looking at additional acquisitions or investments into flour mills and feed mills in neighboring countries as it anticipates free trade among members of the Association of Southeast Asian Nations (Asean).

Posted: August 16th, 2014 in Headlines,Latest Business Stories | Read More »

Ang on the verge of sealing GMA deal

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San Miguel Corp. president Ramon Ang is expected to seal a deal to acquire a minority stake in television broadcast firm GMA Network Inc. by early September, or as soon as “essential” aspects of the transaction have been agreed upon, GMA chair and CEO Felipe Gozon said Thursday.

Posted: August 15th, 2014 in Headlines | Read More »

Lucio Tan group hikes stake in Victorias to 23.5%

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Taipan Lucio Tan’s LT Group Inc. has increased its stake in the country’s biggest sugar miller as other business groups also remain on the lookout for acquisitions in this sector.

Posted: August 9th, 2014 in Headlines | Read More »

PLDT buys 10% of Rocket Internet

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Philippine Long Distance Telephone Co. (PLDT) is investing 333 million euros (P19.6 billion) for a minority stake in a European e-commerce giant, which is behind popular online retail stores like Lazada and Zalora.

Posted: August 8th, 2014 in Headlines | Read More »

Retailer completes deal to buy stake in PBCom

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Retailer Lucio Co has consummated a P5.97-billion deal to buy into commercial bank Philippine Bank of Communications, boosting and diversifying the bank’s shareholder base.

Posted: August 6th, 2014 in Headlines | Read More »

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