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                    [ArticleID] => 175143
                    [Title] => Aboitiz to make tender offer to WG&A minority shareholders
                    [Summary] => Aboitiz Equity Ventures Inc. (AEVI) said it will make a tender offer to minority shareholders of William, Gothong & Aboitiz Inc. following its acquisition of a controlling interest in WG&A.


The Aboitiz group has agreed to purchase the combined 61-percent shareholdings of its partners – the Chiongbian and Gothong families – at P3.98 per share or for a total price of P3.65 billion.


Upon completion of the share purchase, the Aboitiz Group will increase its stake in the listed shipping firm to 92 percent from only 31 percent.


                    [DatePublished] => 2002-09-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 171489
                    [Title] => WG&A seeks P1-B loan to buy two ships
                    [Summary] => Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public.


In a disclosure to the Securities and Exchange Commission, WG&A chief financial officer Susan Valdez said the board authorized the corporation to secure a P1-billion loan from a syndicate of banks, headed by Citibank N.A.with the two new vessels to be acquired as collateral.


The board approved the purchase from Meimon Taiyo Co. Ltd. of Japan of two vessels for $16 million.


                    [DatePublished] => 2002-08-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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BARINGS BANK

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                    [ArticleID] => 175143
                    [Title] => Aboitiz to make tender offer to WG&A minority shareholders
                    [Summary] => Aboitiz Equity Ventures Inc. (AEVI) said it will make a tender offer to minority shareholders of William, Gothong & Aboitiz Inc. following its acquisition of a controlling interest in WG&A.


The Aboitiz group has agreed to purchase the combined 61-percent shareholdings of its partners – the Chiongbian and Gothong families – at P3.98 per share or for a total price of P3.65 billion.


Upon completion of the share purchase, the Aboitiz Group will increase its stake in the listed shipping firm to 92 percent from only 31 percent.


                    [DatePublished] => 2002-09-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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                (
                    [ArticleID] => 171489
                    [Title] => WG&A seeks P1-B loan to buy two ships
                    [Summary] => Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public.


In a disclosure to the Securities and Exchange Commission, WG&A chief financial officer Susan Valdez said the board authorized the corporation to secure a P1-billion loan from a syndicate of banks, headed by Citibank N.A.with the two new vessels to be acquired as collateral.


The board approved the purchase from Meimon Taiyo Co. Ltd. of Japan of two vessels for $16 million.


                    [DatePublished] => 2002-08-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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abtest

Aboitiz to make tender offer to WG&A minority shareholders

By Zinnia B. Dela Peña | September 8, 2002 - 12:00am

Aboitiz Equity Ventures Inc. (AEVI) said it will make a tender offer to minority shareholders of William, Gothong & Aboitiz Inc. following its acquisition of a controlling interest in WG&A. The Aboitiz group...

Business

WG&A seeks P1-B loan to buy two ships

By Zinnia B. Dela Peña | August 10, 2002 - 12:00am

Listed shipping firm WG&A will borrow P1 billion from a consortium of banks to finance the acquisition of two new vessels to further improve its services to the commuting public. In a disclosure to the Securities...

Business