Philippine Tycoon Ang to Buy Stake in Energy, Media Group Lopez

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessPhilippine Tycoon Ang to Buy Stake in Energy, Media Group LopezPhilippine billionaire Ramon Ang agreed to buy 25.7% stake in Lopez Inc., a privately held conglomerate which has interests in energy, real estate and media.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Philippine billionaire Ramon Ang agreed to buy 25.7% stake in Lopez Inc., a privately held conglomerate which has interests in energy, real estate and media.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAng’s Illumina Investment Holdings Inc. signed a deal to buy the shares of Eugenio Gabriel “Gabby” Lopez III’s family, according to a Monday statement from San Miguel Corp., the Southeast Asian nation’s largest company by sales. Ang, the controlling shareholder of San Miguel, made the investment in his personal capacity, the statement said, without providing terms of deal.The transaction follows a leadership dispute within the family-owned Lopez Inc., which has seen one party seek court intervention. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again“This dispute has not been good for any of us, or for the people who work in our companies,” Gabby Lopez said in a separate statement. “This allows us to take a step towards the restoration of family peace.”The Lopez family holding company has indirect stakes in publicly-listed media company ABS-CBN Corp. power producer First Gen Corp. and real estate developer Rockwell Land Corp. Shares of each of the three groups rose on Monday.“The Lopez family’s entry into this partnership with him is truly a welcome development and in line with our history of partnering with recognized individuals and institutions to promote the growth of our businesses,” said Lopez Inc. President Federico “Piki” Lopez.The transaction is “a great step toward resolving issues that have affected our family as well as our businesses and can only be good for everyone,” Piki added.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.