The Securities and Exchange Commission (SEC) has approved the bond offerings of San Miguel Corporation (SMC) and Aboitiz Equity Ventures, Inc. (AEV) that will raise up to P90 billion for the two firms. The Commission En Banc resolved to render effective the registration statement of SMC for up to...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, is planning to raise up to P20 billion from a proposed bond issue with a base amount of up to P8 billion, with an oversubscription option of up to P12 billion. The issuance will come from the Company’s fourth and final...
Aboitiz Equity Ventures Inc. reported a 12 percent dip in consolidated net income to P11.8 billion in the first half of 2022 from the P13.5 billion recorded during the same period last year. In a disclosure to the Philippine Stock Exchange, AEV said it recognized non-recurring gains of P2.7...
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...
