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                    [ArticleID] => 231815
                    [Title] => Aboitiz to sell 35% stake in Mindanao Container
                    [Summary] => Aboitiz Equity Ventures Inc. (AEV) is selling its 35 percent stake in Mindanao Container Co. (MCC) for P26.95 million, the company told the Philippine Stock Exchange (PSE) yesterday.


AEV said the sale is in line with its strategy of selling non core assets for value and deploying the gains from such sale to its core businesses.


AEV said it signed Friday a memorandum of agreement (MOA)  for the sale of its 50,000 shares in MCC at P539 per share.  AEVI will gain P13 million from the sale of its shares.


                    [DatePublished] => 2003-12-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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MINDANAO CONTAINER CO

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                    [ArticleID] => 231815
                    [Title] => Aboitiz to sell 35% stake in Mindanao Container
                    [Summary] => Aboitiz Equity Ventures Inc. (AEV) is selling its 35 percent stake in Mindanao Container Co. (MCC) for P26.95 million, the company told the Philippine Stock Exchange (PSE) yesterday.


AEV said the sale is in line with its strategy of selling non core assets for value and deploying the gains from such sale to its core businesses.


AEV said it signed Friday a memorandum of agreement (MOA)  for the sale of its 50,000 shares in MCC at P539 per share.  AEVI will gain P13 million from the sale of its shares.


                    [DatePublished] => 2003-12-16 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 sell 35% stake in Mindanao Container

By Zinnia B. Dela Peña | December 16, 2003 - 12:00am

Aboitiz Equity Ventures Inc. (AEV) is selling its 35 percent stake in Mindanao Container Co. (MCC) for P26.95 million, the company told the Philippine Stock Exchange (PSE) yesterday. AEV said the sale is in line...

Business