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Manila Bulletin devider Business devider The Stock Market devider Lopez majority directs ₱2.2 billion to ABS-CBN following RSA entry

Lopez majority directs ₱2.2 billion to ABS-CBN following RSA entry

Published Aug 12, 2026 05:23 pm
Eugenio “Gabby” Lopez III
Eugenio “Gabby” Lopez III
The three branches of the Lopez family majority, comprising Crème Investment Corp., Mantes Corp., and Presta Holdings Co. Inc., announced that they will invest ₱2.2 billion in ABS-CBN Corp. as part of a total of ₱6 billion to be raised by the media company.
In a statement on Wednesday, Aug. 12, the group said the funds would come from their personal resources. This comes a few days after Eugenio “Gabby” Lopez III’s Crème Investment sold its 25.7-percent stake in the Lopez family’s ultimate holding company, Lopez Inc., to billionaire Ramon S. Ang.
“ABS-CBN has been part of this family for generations. The mission our family set out to pursue remains the heartbeat of this family—to be in the service of the Filipino. We are putting our own money behind this conviction,” Gabby Lopez said on behalf of the family members.
He said the funds to be injected are meant to address obligations due to long-serving employees and to support ABS-CBN’s recovery plans.
In a separate statement, ABS-CBN it is raising ₱6 billion in new equity. Consisting of the ₱2.2 billion from three branches of the Lopez family while Lopez Inc. will subscribe to an additional ₱300 million worth of ABS-CBN shares.
Meanwhile, ₱3.5 billion will from I&C Holdings Corp., a 100 percent Philippine-owned private investment holding company that invests for long-term company turn-around. All ₱6 billion will come in the form of subscription to new ABS-CBN shares.
“ABS-CBN has built valuable brands, intellectual property, content and deep relationships with Filipino audiences in the Philippines and overseas,” I&C Holdings Corp. said.
It added that, “As the media industry continues to evolve, we believe these assets provide a strong foundation for the company to adapt, build a sustainable content-led business, and create long-term value.”
"This substantial investment is a vote of confidence in ABS-CBN. It tells us there are people who continue to believe in the company and in our mission of being In the Service of the Filipino," said ABS-CBN Chairman Mark Lopez.
The ₱6-billion capital raising is intended to strengthen ABS-CBN’s balance sheet while giving the company additional resources to execute its transformation into a more sustainable, content-led media and entertainment business.
The investments are subject to the execution of separate definitive agreements and applicable corporate and regulatory requirements.
A ₱2-billion infusion from Lopez Inc. into ABS-CBN was reported to have been blocked by cousin Federico “Piki” Lopez, who had chosen to focus on the group’s power generation businesses through First Philippine Holdings Corp. (FPH) and First Gen Corp.
Gabby Lopez said he sold his stake in Lopez Inc. for two reasons: “The first is my family. This dispute has not been good for any of us, or for the people who work in our companies. This allows us to take a step toward the restoration of family peace.”
“The second is that it allows me to channel our family’s resources into businesses aligned with our personal mission. We will announce more on this in due time. Our families have known Ramon a long time. I am confident he will be a good partner to Lopez Inc.,” he added.
For his part, Ang said, “I have known the Lopez family for decades. Not one branch of it, but all of them. I am a friend to each, and I intend to stay that way.”
“I came in because I believe in these businesses, and because a steady partner at the table can be good for everyone around it. The family branches that continue to hold the controlling majority of Lopez Inc., will continue to lead it. My interest is that the group comes out of this stronger,” he added.
Meanwhile, Piki Lopez said, “We welcome Mr. Ramon Ang to Lopez Inc. with deep appreciation. We have been friends for a long time and so I do look forward to working together with him.”
He noted, “We recognize the value that Ramon brings to Lopez Inc. with his proven expertise and extensive experience. The Lopez family’s entry into this partnership with him is truly a welcome development and in line with our history of partnering with recognized individuals and institutions to promote the growth of our businesses.”
“It’s a great step toward resolving issues that have affected our family as well as our businesses and can only be good for everyone,” Piki Lopez further stated. - James A. Loyola

Related Tags

Eugenio L. Lopez III Federico Lopez ABS-CBN Corporation Lopez Inc.
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