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...
aboitiz-infracapital Aboitiz InfraCapital and its business units have rebranded Nov. 26, 2021in a bid to be "top of mind in infrastructure solutions". "We want to establish InfraCap as a full-fledged Strategic Business Unit within the Aboitiz Group," noted President and CEO Cosette Canilao. For the...
Promotes “shared value creation” as key to meaningful APEC prosperity Aboitiz Group President and Chief Executive Officer, Sabin M. Aboitiz (bottom right), joined senior business leaders at the virtual APEC CEO Summit 2021 Aboitiz Group President and Chief Executive Officer and ABAC PH Member,...
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 Power Corporation’s proposed P12-billion bond issuance has been assigned the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). The AboitizPower bonds have a base issue size of up to P6.0 billion, with an oversubscription...
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...
Aboitiz Construction, Inc. (ACI) is implementing its ‘Big Shift Strategy’ this 2021 to secure more projects and boost its finances. cropped-45th-Anniversary-CoBranding-Logo “Despite the challenges, our Big Shift strategy is materializing to create long term value for our stakeholders,” said...
The Aboitiz Group has ramped up the vaccination of its team members, amid the surge of the highly transmissible Delta variant in the country, to fulfill its commitment to prioritize their health and safety while ensuring continued operations to keep the economy running towards a “better...
The Aboitiz Group has partnered with the Department of Agriculture (DA) for a nationwide mentoring program that targets to help agriculture-related small and medium enterprises (SMEs) become digital. (Photo courtesy of the Department of Agriculture) In partnership with DA, the Aboitiz Group...
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...
