Local budget carrier Zest Airways and Malaysia’s AirAsia group are forming a strategic partnership in the airline business in a bid to create a stronger player in the highly competitive Philippine aviation industry.
American banking giant Citi was named “best Southeast Asia financial advisor for 2012” by the FT’s Mergermarket Group.
The Bangko Sentral ng Pilipinas expects to see mergers and acquisitions (M&As) in the banking industry in 2013.
Ayala-led Globe Telecom is extending its early tender offer period to buy Bayan Telecommunications obligations from the smaller telco’s creditors, in line with moves for the two firms’ impending merger.
In a game-changing move, Bank of the Philippine Islands will consolidate with Philippine National Bank, ushering in a new wave of mergers and acquisitions among local banks.
DMCI Holdings is leading a consortium that plans to take over UK-listed nickel production company ENK Plc, which is developing the Acoje mining project in Zambales, in a deal that values the British company at £49.8 million.
No final documents may have been signed, but from the looks of it, denials notwithstanding, broadcast giant GMA Network Inc. is poised to come under the umbrella of the conglomerate headed by businessman Manuel V. Pangilinan.
Asiatrust Development Bank has given up its banking license effective June 18 alongside the transfer of banking assets and liabilities to Asia United Bank (AUB).
The Philippines has come of age as a vibrant marketplace for capital-raising as well as merger and acquisition (M&A) deals, even as global investment appetite has been tempered by the eurozone crisis, a top regional official of Citigroup said. Hong Kong-based Farhan Faruqui, head of global banking for Asia-Pacific at Citi, said in a recent [...]
Asia United Bank has obtained approval from the Bangko Sentral ng Pilipinas to take over the 28-branch thrift bank Asiatrust Development Bank.
The Lucio Tan group and San Miguel Corp. announced Wednesday they have signed a deal under which SMC would acquire substantial shares in both Philippine Airlines and Air Philippines as well as management control of the two companies.
Retailer Puregold Price Club has agreed to buy 100 percent of upscale retailer S&R Membership Shopping for P16.5 billion via a share swap with the family of Lucio Co, which also controls the former.
