Lucio Tan

Philippine Airlines majority owner Tan seeks to buy out minorities at huge discount

Philippine Airlines (PAL) majority owner Lucio Tan is offering to buy out minority shareholders in PAL Holdings Inc (PAL.PS), the carrier's parent company, at 1.19 pesos per share, less than a quarter of the stock's current market price, regulatory filings showed.

Read Full Article

LT Group increases stake in Philippine sugar mill Victorias Milling

Philippine consortium LT Group Inc (LTG) increased its stake in Negros Occidental-based integrated sugar mill and refinery Victorias Milling Company Inc (VMC) from 7.4% to 14.8% for an undisclosed amount.

Read Full Article

Tan to finalize Philippine Airlines stake sale with SMC

Lucio Tan, the chairman and chief executive of Philippine Airlines Inc (PAL) is expected to finalize the majority stake sale in the flag carrier next year with San Miguel Corp (SMC).

Read Full Article

Lucio Tan to Consider Exiting Philippine Airlines After Two Decades

Billionaire Lucio Tan is considering to exit the aviation industry by means of share sale after two decades in the business.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics