Real estate giant Ayala Land, Inc. (ALI) of the Zobels is buying out the Aboitiz Group’s 50 percent stake in Cebu District Property Enterprise Inc. (CDPEI) for P1.81 billion. In a disclosure to the Philippine Stock Exchange, ALI said it has entered into a share sale and purchase agreement...
Aboitiz Equity Ventures Inc. (AEV), the Aboitiz Group’s investment arm, reported a 22 percent improvement in consolidated net income to P4.9 billion for the first quarter of 2024 from the P4.0 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz Group, expects to improve this year on its performance in 2023 as it starts to benefit from the full year impact of recent major acquisitions. “Suffice to say that we are confident that 2024 will see positive growth as we integrate...
Following major acquisitions and expansion in 2023, the Aboitiz Group is more than doubling its capital expenditures (capex) to P153 billion this year from the P65 billion spent in 2022 with a majority allotted for its renewable energy projects in the pipeline. In a statement, Aboitiz Equity...
The Aboitiz Group’s investment arm Aboitiz Equity Ventures Inc. (AEV) reported a two percent dip in consolidated net income to P23.5 billion last year from the P24 billion earned in 2022 due to one-time gains. In a disclosure to the Philippine Stock Exchange (PSE), AEV said that, excluding...
Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) have completed their $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company (TCCC). In a statement, AEV said CCBPI, the exclusive bottler and distributor of TCCC...
The $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) by Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) takes a further step towards completion after getting the green light from the Philippine Competition Commission (PCC). In a disclosure to...
Aboitiz Equity Ventures Inc. (AEV), the investment arm of the Aboitiz Group, and Coca-Cola Europacific Partners Plc (CCEP), have entered into a definitive agreement to jointly acquire Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company (TCCC) for $1.8 billion. In a disclosure to...
Aboitiz Equity Ventures Inc. (AEV) reported a 16 percent decrease in its net income to P18 billion for the first nine months of 2023 compared as against P21. 4 billion in the same period in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm attributed the decline to its...
Aboitiz Land Inc., the real estate development arm of Aboitiz Equity Ventures, has been recognized by HR Asia as one of the "Best Companies to Work For" in Asia in 2023. In a statement, the firm said this is due to its unwavering dedication to cultivating innovation, values, and employee...
Aboitiz Equity Ventures’ (AEV) planned issuance of up to P17.45 billion worth of bonds has been given the highest ratings of PRS Aaa with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). In a statement, the ratings agency said AEV is planning a bond issue amounting...
ABAC Philippines will spotlight the critical role of micro, small, and medium-sized enterprises (MSMEs) in the global economy, and their relevance in business compliance to the environment, social, and governance (ESG) metrics. This was announced by Asia Pacific Economic Cooperation Business...
