By Ronnel W. Domingo
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).
By Doris C. Dumlao
MANILA, Philippines—Union Bank of the Philippines is set to buy 32-branch thrift bank City Savings Bank, marking a consolidation of the banking interests of the Aboitiz group. In a joint statement, Union Bank and parent conglomerate Aboitiz Equity Ventures announced the acquisition by the former of 99.54 percent of CitySavings for about P5.7 billion. [...]