Total deal transaction size was relatively high with over PHP2.1b worth of transactions, which mostly comprised of the acquisition of Coca-Cola Beverages Philippines, Inc. for USD1.8bn.
The Real Estate industry had the largest deal count which included a JV agreement between The Philippines' Megaworld Corporation and Finnish firm SuperPark United.
This month’s top deals
ACEN secures PHP10 billion via term loan facility
ACEN Corp. said it had secured funds from a term loan facility amounting to PHP10 billion, the Ayala-led energy company said on Thursday.
Article links: ACEN secures PHP10 billion via term loan facility
Aboitiz, Singapore firm tie up for wind project in Rizal, Laguna
Aboitiz Power Corp. unit Aboitiz Renewables Inc. (ARI) said Thursday it partnered with Singapore-based Vena Energy for a greenfield 102-megawatt wind power project encompassing the provinces of Rizal and Laguna.
Telecommunication & Media
Dito reveals buyers of PHP2.2 billion new shares
Davao tycoon Dennis A. Uy’s telecommunications unit Dito CME Holdings Corporation has revealed that the identities of the two buyers of its PHP2.2 billion shares are two firms that have been recently registered in Singapore.
Article links: Dito reveals buyers of PHP2.2 billion new shares
Globe Telecom gets PHP2.6 billion from sale of 200 towers
Globe Telecom Inc. received PHP2.6 billion from the recent closing of over 200 tower assets sold to Frontier Tower Associates Philippines Inc. and MIESCOR Infrastructure Development Corp. (MIDC).
Megaworld enters joint venture with Finnish firm SuperPark United
MEGAWORLD Corp.’s retail and commercial arm Megaworld Lifestyle Malls has signed a joint venture deal with Finnish firm SuperPark United to bring its indoor activity brand SuperPark into the country. In a press release on Tuesday, the company said it would operate SuperPark Philippines outlets through a joint venture company, Megapark Philippines, Inc.
Italpinas unit signs joint venture for PHP1.2 billion project in Cagayan De Oro
Italpinas Development Corp. (IDC) has signed a joint venture agreement with Ms. Gilda Go for the development of a PHP1.2 billion (USD21.8 million) mixed-use project in Cagayan de Oro City.
Italpinas unit signs joint venture for P1.2-billion project in Cagayan De Oro
PH1 World Developers secures PHP3 Billion loan facility with BDO Unibank
PH1 World Developers Inc. (PH1WD) – the property development arm of Megawide Construction Corp. (Megawide) – officially secured a PHP3 billion developmental loan with BDO Unibank during a signing ceremony held on Aug. 8, 2023, at the PH1WD showroom in Quezon City.
PH1 World Developers secures PHP3 billion loan facility with BDO Unibank
Transportation & Logistics
Meralco agrees to sell electric vehicle solutions unit eSakay for PHP87 million
MANILA ELECTRIC Co. (Meralco) has sold its wholly owned subsidiary eSakay, Inc. to On-Us Solutions, Inc. for PHP87.4 million, the listed power distributor said on Tuesday. In a stock exchange disclosure, Meralco said it had signed a share purchase agreement with On-Us Solutions on Aug. 15.
Ayala Globe form JV with Taiwan's Gogoro to bring e-scooters to the Philippines
Philippines conglomerate Ayala Corporation has officially signed a joint venture deal with Taiwanese electric vehicle company Gogoro and Globe’s 917 Ventures Inc. to bring electric two-wheeler vehicles and open-battery swap network to the Philippines.
Retail & F&B
Aboitiz, partner offer USD1.8 billion for Coca-Cola in PHL
ABOITIZ Equity Ventures, Inc. (AEV) said on Wednesday that it plans to jointly acquire Coca-Cola Beverages Philippines, Inc. (CCBP), in partnership with Coca-Cola Europacific Partners PLC (CCEP) for USD1.8 billion.
Note: Deal values only include disclosed completed deals with amounts restricted to local scene i.e. amounts related to the Philippine entity and/or business. Rumored, announced, or planned deals not included. Cross-posted deals are also adjusted to avoid double count.
*USD 1.00 = PHP56.65 as of 09/11/2023