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                    [ArticleID] => 95738
                    [Title] => Equitable eyes P10 B  from sale of 35% stake
                    [Summary] => Equitable PCI Bank said yesterday it expects to raise between P5 billion to P10 billion from the sale of its not more than 35-percent equity stake to a strategic investor.


In a disclosure to the Philippine Stock Exchange, Equitable PCI Bank also said it prefers to pursue the equity infusion alternative by way of sale of primary shares over that of a merger proposal.


The deadline in bidding for a substantial stake in Equitable PCI Bank lapsed last Monday with four groups submitting their respective offers.


                    [DatePublished] => 2001-04-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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VENTURE FIRM NEWBRIDGE CAPITAL INC

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                    [ArticleID] => 95738
                    [Title] => Equitable eyes P10 B  from sale of 35% stake
                    [Summary] => Equitable PCI Bank said yesterday it expects to raise between P5 billion to P10 billion from the sale of its not more than 35-percent equity stake to a strategic investor.


In a disclosure to the Philippine Stock Exchange, Equitable PCI Bank also said it prefers to pursue the equity infusion alternative by way of sale of primary shares over that of a merger proposal.


The deadline in bidding for a substantial stake in Equitable PCI Bank lapsed last Monday with four groups submitting their respective offers.


                    [DatePublished] => 2001-04-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Equitable eyes P10 B from sale of 35% stake

By Christina Mendez | April 6, 2001 - 12:00am

Equitable PCI Bank said yesterday it expects to raise between P5 billion to P10 billion from the sale of its not more than 35-percent equity stake to a strategic investor. In a disclosure to the Philippine Stock...

Business