Topic page on {?keyword?} | ABS-CBN News

Antitrust body approves EastWest Bank's acquisition of PBCom's auto loan portfolio

ABS-CBN News
Posted at Jun 19 11:28 AM

The transaction, which involves a portion of PBCom's auto loan receivables limited to dealership-generated accounts, will not likely result in substantial lessening of competition in the autoloan market, the antitrust body said in a statement. Read more »

Antitrust body sets 15-day 'expedited' review for select deals

ABS-CBN News
Posted at Jun 18 03:25 PM

Under a May 28 resolution, the expedited review is applicable for transactions that are less likely to substantially prevent, lessen or restrict competition in their market, the PCC said in a statement.    Read more »

Sotheby's snapped up by French tycoon Drahi for $3.7 billion

Sudip Kar-Gupta, Svea Herbst-Bayliss and Mathieu Rosemain, Reuters
Posted at Jun 18 09:04 AM

The acquisition allows Drahi to join French billionaire Francois Pinault - who owns Sotheby's main rival Christie's - at the top of the art world and New York society. Read more »

AC Health gets antitrust body's approval to raise stake in Generika

ABS-CBN News
Posted at Jun 04 11:10 AM

AC Health will proceed with the closing of the increase in stake to 52.5 percent from 50 percent after receiving the approval from the PCC last June 3, Ayala Corp said in a disclosure to the stock exchange.  Read more »

AirAsia's new biggest shareholder is holding firm of party-list rep

ABS-CBN News
Updated as of Jun 03 11:10 PM

F&S Holdings Inc, owned by party-list Rep. Michael “Mikee” Romero, is now the biggest shareholder of the budget airline's Philippine arm, with a 44.5 percent stake. Read more »

Japan’s ANA Holdings senior adviser completes PAL Holdings 2019 Board of directors

ABS-CBN News
Posted at May 31 10:18 AM

PAL Holdings Inc on Friday said a senior adviser at Japan's ANA Holdings Inc was elected as a member of the Board following its $95 million (P4.9 billion) investment in the company.    Read more »

Sports Illustrated, the brand, is sold for $110 million

Marc Tracy, The New York Times
Updated as of May 28 02:42 PM

The unusual transaction suggests the magazine’s most coveted asset is its brand. Read more »

Fiat Chrysler, Renault pursue $35 billion merger to fight auto upheaval

Giulio Piovaccari and Laurence Frost, Reuters
Posted at May 28 08:44 AM

The tie-up would alter the landscape for rivals including General Motors and Peugeot maker PSA Group, which recently held inconclusive talks with Fiat Chrysler (FCA), and could spur more deals. Read more »

Fiat Chrysler and Renault in talks on possible alliance

Neal E. Boudette, The New York Times
Updated as of May 26 09:27 AM

The talks are still in early stages and could still collapse, but they come amid significant technological and regulatory changes that are pressuring automakers and spurring some to join forces. Read more »

PCC reminds San Miguel of notification requirement for Holcim deal

ABS-CBN News
Posted at May 24 02:27 PM

As of Friday, May 24, SMC have not issued a notification for a mandatory merger review, the Philippine Competition Commission (PCC) said in a statement. Read more »

Amazon squares up to Uber with backing for UK food app Deliveroo

Kate Holton, Reuters
Posted at May 17 04:22 PM

The news that the world's biggest online retailer had taken a stake in one of Europe's fastest growing tech companies sent shockwaves through the sector, hitting shares in rivals Just Eat, Takeaway.com and Delivery Hero. Read more »

San Miguel buys 85.7 percent of Holcim Philippines for $2.15 billion

ABS-CBN News
Updated as of May 10 09:37 AM

First Stronghold Cement Industries Inc, a wholly-owned unit of San Miguel Equity Investments Inc, signed share purchase agreements with companies controlled by Switzerland-based LafargeHolcim Ltd, San Miguel told the stock exchange. Read more »

American Media looking to sell tabloid National Enquirer

Reuters
Posted at Apr 11 08:23 AM

American Media Inc on Wednesday said it was looking at strategic options for its US tabloid newspaper the National Enquirer and that it might sell the publication. Read more »

Investment firm buys Gizmodo sites, The Onion

Agence France-Presse
Posted at Apr 09 07:31 AM

Great Hill Partners said it would create a new company named G/O Media Inc. led by former Forbes and Ziff-Davis executive Jim Spanfeller, with a strong following among young internet users. Read more »

Shakey's to acquire Peri-Peri Charcoal Chicken

ABS-CBN News
Updated as of Apr 02 05:53 PM

Shakey's will purchase assets and intellectual property of Peri-Peri under an asset purchase agreement signed Monday, the company told the stock exchange.  Read more »

ICTSI raises stake in Manila North Harbor Philippines

ABS-CBN News
Posted at Mar 18 10:49 AM

The share purchase agreement for the acquisition, which will bring ICTSI’s shares in MNHPI to 50 percent, was signed last Sept. 5, 2018, the Enrique Razon-led firm told the stock exchange. Read more »

Ayala health raises stake in Generika Group

ABS-CBN News
Updated as of Mar 14 11:42 AM

AC Health signed conditional agreements to subscribe to an additional 2.5 percent stake in each of the Generika companies, Ayala Corp said in a disclosure to the stock exchange. Read more »

PAL to increase flights to Japan after ANA investment

ABS-CBN News
Posted at Feb 27 02:57 PM

PAL will increase its Cebu-Nagoya flights as well as flights to Osaka. This will bring PAL's total weekly flights to Japan to 92 a week from the current 84 flights, PAL president Jaime Bautista told reporters during a press briefing in Pasay City.  Read more »

Dutch buy Air France-KLM stake to counter French influence

Danny Kemp, Agence France-Presse
Posted at Feb 27 08:18 AM

The Dutch swoop threatens to reignite tensions after a bitter dispute about the fate of the chief executive of the group's Dutch arm, and concerns over a series of strikes in France last year. Read more »

Antitrust body raises threshold for compulsory mergers, acquisition notification

ABS-CBN News
Posted at Feb 21 01:22 PM

In a Commission Resolution released Thursday, the PCC raised the threshold for the Size of Person (SoP) to P5.6 billion from P5 billion and for the Size of Transaction (SoT) to P2.2 billion from P2 billion. Read more »