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                    [ArticleID] => 167060
                    [Title] => Singaporeans buy out Espiritu group from United Overseas Bank for P1B
                    [Summary] => The Singaporean owners of United Overseas Bank of the Philippines (UOBP) have reportedly bought out for P1 billion the minority group headed by the son of former Finance Secretary Edgardo Espiritu to finally put an end to a long-running dispute between the two groups.


Banking sources said the buyout was formalized in a memorandum of agreement signed early this week by the majority group headed by the United Overseas Bank Ltd. (UOBL) of Singapore and the Espiritu group. The agreement will give UOBL 100-percent ownership of UOBP, formerly known as Westmont Bank.


                    [DatePublished] => 2002-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 162725
                    [Title] => Espiritu group talks to ‘white knight’ for UOB
                    [Summary] => After getting an injunction from the Manila Regional Trial Court, the minority group of the United Overseas Bank of the Philippines (UOBP) said it is prepared to present a "white knight" that would help resurrect the bank, or take over the unfulfilled purchase agreement of the foreign partner.
                    [DatePublished] => 2002-05-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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ESPIRITU AND JOLLIBEE FOODS CORP

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                    [ArticleID] => 167060
                    [Title] => Singaporeans buy out Espiritu group from United Overseas Bank for P1B
                    [Summary] => The Singaporean owners of United Overseas Bank of the Philippines (UOBP) have reportedly bought out for P1 billion the minority group headed by the son of former Finance Secretary Edgardo Espiritu to finally put an end to a long-running dispute between the two groups.


Banking sources said the buyout was formalized in a memorandum of agreement signed early this week by the majority group headed by the United Overseas Bank Ltd. (UOBL) of Singapore and the Espiritu group. The agreement will give UOBL 100-percent ownership of UOBP, formerly known as Westmont Bank.


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                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [URL] => 
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                    [ArticleID] => 162725
                    [Title] => Espiritu group talks to ‘white knight’ for UOB
                    [Summary] => After getting an injunction from the Manila Regional Trial Court, the minority group of the United Overseas Bank of the Philippines (UOBP) said it is prepared to present a "white knight" that would help resurrect the bank, or take over the unfulfilled purchase agreement of the foreign partner.
                    [DatePublished] => 2002-05-30 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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abtest

Singaporeans buy out Espiritu group from United Overseas Bank for P1B

By Ted P. Torres | July 4, 2002 - 12:00am

The Singaporean owners of United Overseas Bank of the Philippines (UOBP) have reportedly bought out for P1 billion the minority group headed by the son of former Finance Secretary Edgardo Espiritu to finally put...

Business

Espiritu group talks to ‘white knight’ for UOB

By Ted P. Torres | May 30, 2002 - 12:00am

After getting an injunction from the Manila Regional Trial Court, the minority group of the United Overseas Bank of the Philippines (UOBP) said it is prepared to present a "white knight" that would help...

Business