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Manila Bulletin devider Business devider The Stock Market devider Top global investment house buys 5.05% of Gokongwei-led URC

Top global investment house buys 5.05% of Gokongwei-led URC

Published May 29, 2025 03:40 pm
US-basaed Capital Group Companies Inc. (CGC), one of the world’s largest investment management firms with over $2.6 trillion in assets, reported that it now has accumulated a 5.052 percent stake in the Gokongwei Group’s Universal Robina Corporation afte.
In a disclosure to the Philippine Stock Exchange, CGC said it has slowly grown its holdings in URC to 108.11 million common shares and breached the five percent reporting threshold after acquiring ₱18 million worth of URC shares from May 2, 2025 to May 20, 2025 at prices between ₱84.0936 to ₱92.4626 per share.
“The above-mentioned shares were purchased and are held solely for investment purposes in the ordinary course of business and not with the purpose or effect of changing or influencing control,” CGC said.
CGC is the parent company of Capital Research and Management Company (CRMC) and Capital Bank & Trust Company (CB&T).
CRMC is a U.S.-based investment management company that serves as investment manager to the American Funds family of mutual funds, other pooled investment vehicles, as well as individual and institutional clients.
CRMC and its investment manager affiliates manage equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International investors and Capital World investors.
CRMC is the parent company of Capital Group International, Inc. (CCU), which in turn is the parent company of six investment management companies: Capital International, Inc., Capital International Limited, Capital International Sad, Capital International K.K., Capital Group Private Client Services Inc, and Capital Group investment Management Private Limited.
CGII management companies primarily serves as investment managers to institutional and high net worth clients. CB&T is a US-based registered investment adviser and an affiliated federally chartered bank.
In their capacity as investment advisers, CRMC has acquired 108.36 million URC shares equivalent to a 5.017 percent interest while Capital International Sari has accumulated 749,450 URC shares for a 0.035 percent stake.

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