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 the Philippine Stock Exchange (PSE), AEV said they have received the PCC certificate of approval...
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ArthaLand Corporation (ALCO) recently signed an agreement with Mitsubishi Estate Company, Ltd. (MEC), which is one of the largest real estate developers in Japan. This agreement will be Mitsubishi Estate’s first venture in the Philippines. Mitsubishi Estate is acquiring from ALCO a 40% stake in ALCO’s ownership of Savya Land Development Corporation, which is developing the Savya...
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RedDoorz, Southeast Asia’s largest and fastest-growing, technology-driven hotel management company, continues to expand its footprint in the Philippines. RedDoorz outlets will open by the end of the year in tourist-heavy Boracay Island, Antique, Capiz, Negros Occidental, Dumaguete, and Tacloban City. RedDoorz has established over 150 hotels across 10 cities as of the first quarte...
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