Market Summary
The Telecommunications & Media sector experienced the largest deal activity last month, led by PLDT's sale of 4,000+ towers for a total transaction value of USD993.6m. In addition to this, several local players made new partnerships with foreign companies, namely Gur Lavy Corp., Snowflake, Warner Bros. Discovery, and FLOW Digital Infrastructure.
Prime Infrastructure, led by Enrique Razon, announced their postponement of their USD450m+ IPO to mid-next year. However, the Industrials sector still saw two acquisitions: (1) GLOBAL Ferronickel Holdings, Inc. acquired a 20% stake in GCTN, and (2) NICKEL ASIA Corp. bought 33m+ shares of Corabl Bay Nickel Corp.
Aggregate Deal Value* = USD1,408.8m
This month’s top deals
Energy & Utilities
CREIT set to issue ASEAN green bonds to expand its real estate portfolio
CITICORE Energy REIT Corp. (CREIT) said on Tuesday that it will be tapping the capital markets for the issuance of ASEAN green bonds in the fourth quarter of this year to expand its real estate asset portfolio.
Articles links:
CREIT set to issue ASEAN green bonds to expand its real estate portfolio
Telecommunication & Media
MacroAsia’s TERA targets to become major internet service provider, partners with Gur Lavi
TERA Information and Connectivity Solutions, Inc. (TERA), a subsidiary of MacroAsia Corp., is working to become a fixed-line internet service provider for both business and residential users in the next three to five years, a company official said…. “That’s our aspiration … for the next three to five years,” TERA General Manager Anthony G. Hilario told reporters on Friday after the company signed a partnership deal with telco solutions distributor Gur Lavi Corp.
Globe stock rights offer raises P17 billion
TERA Information and Connectivity Solutions, Inc. (TERA), a subsidiary of MacroAsia Corp., is working to become a fixed-line internet service provider for both business and residential users in the next three to five years, a company official said…. “That’s our aspiration … for the next three to five years,” TERA General Manager Anthony G. Hilario told reporters on Friday after the company signed a partnership deal with telco solutions distributor Gur Lavi Corp.
US-based Snowflake enters PHL, partners with Globe
DATA cloud company Snowflake is expanding into the Philippines, where it intends to promote data-driven decision-making among organizations. “Today, we are thrilled to bring the ability to harness the power of the world’s data to the Philippines,” said Sanjay Deshmukh, senior regional vice-president for Snowflake Southeast Asia and India, during a briefing on Tuesday.
ABS-CBN, Warner Bros. ink deal on airing of shows in Asia
ABS-CBN Corp. has partnered with Warner Bros. Discovery, an American multinational mass media and entertainment conglomerate, for the airing of its shows across Asia.
AyalaLand Logistics, FLOW to commence data center activities
MANILA - AyalaLand Logistics Holdings Corp (ALLHC) on Wednesday said it has signed agreements with FLOW Digital Infrastructure to start the activities under their joint venture. The 2 firms in May signed a framework agreement to develop and operate carrier-neutral data centers in the country, ALLHC told the stock exchange
PLDT gets P57.7B from sale of 4,435 towers
PLDT said it has received P57.7 billion from two companies for selling 4,435 out of its 5,907 telecommunication towers. In a disclosure posted on the Philippine Stock Exchange, the Pangilinan-led telecommunication player said it transferred 75 percent of the towers covered by the sale and leaseback transaction to the two tower companies as of the third quarter.
Article links:
MacroAsia’s TERA targets to become major internet service provider, partners with Gur Lavi
Globe stock rights offer raises P17 billion
US-based Snowflake enters PHL, partners with Globe
ABS-CBN, Warner Bros. ink deal on airing of shows in Asia
AyalaLand Logistics, FLOW to commence data center activities
PLDT gets P57.7B from sale of 4,435 towers
Real Estate
Arthaland readies P3-billion fixed-rate ASEAN green bond issuance
PROPERTY developer Arthaland Corp. plans to issue P3 billion worth of fixed-rate ASEAN green bonds possibly late this year to raise funds for eligible “green” projects.
Article links:
Arthaland readies P3-billion fixed-rate ASEAN green bond issuance
Industrials & Manafacturing
Philippine tycoon postpones $474 mln Prime Infrastructure IPO on bearish market
Philippine tycoon Enrique Razon has delayed to the middle of next year plans to launch an up to 28 billion pesos ($474 million) listing for his infrastructure and energy holding firm because of a market downturn, its underwriter said on Monday.
Global Ferronickel acquires 20% stake in Chinese firm
GLOBAL Ferronickel Holdings, Inc. has acquired a 20% stake in Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN), it disclosed on Monday. “The acquisition is expected to create reliable and consistent synergies between FNI (the company’s stock symbol) as a nickel ore supplier and GCTN as a value-added processor, and support our ongoing diversification projects to boost profitability,” Global Ferronickel President Dante R. Bravo said in a disclosure.
Nickel Asia buys shares in metal processing firm
NICKEL ASIA Corp. has bought 33.05 million common shares of Coral Bay Nickel Corp. (CBNC) for $25.93 million, it said on Monday.
Article link:
Philippine tycoon postpones $474 mln Prime Infrastructure IPO on bearish market
Global Ferronickel acquires 20% stake in Chinese firm
Nickel Asia buys shares in metal processing firm
Retail and F&B
DA, Nestlé PH partner to boost local coffee production
THE Department of Agriculture (DA) has partnered with Nestlé Philippines amid a decline in domestic coffee production. Agriculture Senior Undersecretary Domingo Panganiban met with Nestlé officials to support the implementation of the Coffee Industry Roadmap 2021 to 2025.
Macay set to acquire RC Global Beverages for $21.4M
LISTED holding firm Macay Holdings, Inc. is set to acquire 100% of RC Global Beverages, Inc. (RCGBI) for $21.4 million after the close of its share purchase agreement with RC Global Ventures, Inc. “The acquisition by Macay of RCGBI provides Macay a global platform and foreign currency revenues in addition to the current peso revenues from its local operations,” the firm said in a disclosure to the Philippine Stock Exchange on Monday.
Article link:
DA, Nestlé PH partner to boost local coffee production
Macay set to acquire RC Global Beverages for $21.4M
Note: Deal values only include disclosed completed deals with amounts restricted to the local scene i.e. amounts related to the Philippine entity and/or business. Rumored, announced, or planned deals are not included. Cross-posted deals are also adjusted to avoid double count.
*USD 1.00 = PHP58.07as of 10/11/2022