JGS confirms sale of banking unit to BPI

By Tiziana Celine Piatos

Oct 01, 2022 12:19 am

JG Summit confirmed the merger of Robinsons Bank Corp. (RBC) with the Bank of the Philippine Islands (BPI), subject to shareholder and regulatory approvals today.

The Gokongwei group will own 6 percent of BPI's outstanding shares once the Ayala-led company and RBC shareholders close the transaction before the end of the year.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

SFA Semicon moves closer to quitting PSE

Phinma raises P975M from stock rights offer

DigiPlus board okays P660M to secure Brazil gaming license

Demand boosts Ovialand profit

Maynilad: Wastewater facility nearly complete

Robinsons Retail eyes competitiveness boost

Solar power plant switched on in Bohol