The Aboitiz Group handed over the rehabilitated Wetland No. 4, now known as the Balabag Wetland Park, to the Department of Environment and Natural Resources (DENR) during a turnover ceremony held on June 16, 2022. As a testament to the Group’s commitment to the preservation of biodiversity and...
Aboitiz Equity Ventures Inc. reported a 54 percent drop in consolidated net income to P3.9 billion for the first quarter of 2022 as against P8.6 billion earned during the corresponding period last year. In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring...
Aboitiz Equity Ventures Inc. (AEV) is increasing massively its capital expenditure budget by 152 percent to P69 billion this year as it focuses more on expanding its infrastructure business amid the reopening of the domestic economy. In a virtual press briefing, AEV Chief Finance Officer Manuel...
Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the turnover of the $1.46 billion payment. This also comes after the fulfillment of several conditions, including a...
The Aboitiz Group recently bagged the prestigious Agora Award for Outstanding Achievement in Advocacy Marketing in support of the United Nations Global Compact. The award is given by the Philippine Marketing Association to Philippine-based companies that have institutionalized advocacy marketing,...
Aboitiz Equity Ventures Inc. reported a 135 surge in net income for the first three quarters of 2021 to P19.5 billion from the P8.3 billion recorded during the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said it recognized non-recurring gains of P83 million,...
Aboitiz Group, through its social development arm Aboitiz Foundation and AboitizPower subsidiary Hedcor and partners MayaniPH and ‘Save the Children’, has launched a collaborative initiative that targets to alleviate hunger among impoverished children while bringing sustainable livelihood to...
Aboitiz Equity Ventures (AEV) is selling a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower) to JERA Co. Inc., Japan’s largest power producer, for $1.146 billion in cash. In a disclosure to the Philippine Stock Exchange, AEV said the Aboitiz family’s privately held parent company...
The Aboitiz Group has joined the private sector-led national food security movement called Kain Tayo Pilipinas as part of its efforts to help make the Philippines more food secure and healthy. A statement showed that Aboitiz Group has recently joined Kain Tayo Pilipinas, which is one of the...
Aboitiz Equity Ventures Inc. (AEV) will fully redeem its outstanding Series B of its fixed-rate retail bonds issued in 2015 amounting to P8.47 billion, a year ahead of its 2022 maturity schedule. In a statement, the firm said that, in exercising its early redemption option, it will prepay the 2015...
The Aboitiz Group, through its corporate social responsibility arm Aboitiz Foundation and food unit Pilmico, committed to sustain farm livelihood projects for farmers and Indigenous Peoples (IPs) in Iligan, a move that will be supported through close coordination with local government unit (LGU)....
Aboitiz Equity Ventures Inc. has firmed up its plan to raise up to P10 billion through the issuance of bonds which have been given the highest triple-A rating by Philippine Rating Services Corporation (PhilRatings). PhilRatings said it has assigned an Issue Credit Rating of PRS Aaa, with a Stable...
