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                    [Title] => RCBC’s Japanese partner sells 17% stake to US fund
                    [Summary] => 



Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group. 


RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday. 


                    [DatePublished] => 2006-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
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SPINNAKER VENTURES

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                    [ArticleID] => 368128
                    [Title] => RCBC’s Japanese partner sells 17% stake to US fund
                    [Summary] => 



Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group. 


RCBC said the 17.14-percent interest is equivalent to 108.5 million common shares, hence Spinnaker Capital would need about P2.3 billion for the deal based on the stock’s closing price of P21.25 per share last Wednesday. 


                    [DatePublished] => 2006-11-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] => Ted P. Torres
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RCBC’s Japanese partner sells 17% stake to US fund

By Ted P. Torres | November 11, 2006 - 12:00am

Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), a unit of Japan’s largest financial company, will sell its 17.14-percent stake in Rizal Commercial Banking Corp. (RCBC) to the US-based Spinnaker Capital Group....

Business