Aboitiz Equity Ventures Inc. (AEV) said Monday it expects to close the acquisition of Cola-Cola Bottlers Philippines Inc. (CCBPI) by the first quarter of 2024. AEV and joint venture partner Coca-Cola Europacific Partners Plc. (CCEP) signed a definitive agreement to finalize their planned acquisition of CCBPI from The Coca-Cola Company (TCCC), the Aboitiz Group said […]

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THE BUREAU of the Treasury (BTr) on Monday raised P15 billion from the first-ever sale of tokenized Treasury bonds (TTBs). In a statement, the BTr said the maiden offering of one-year tokenized bonds had a coupon rate of 6.5%. “The BTr saw strong demand from qualified institutional investors for the TTBs, with the size of […]

MANILA  -The Aboitiz Group is pushing deeper into the consumer segment with a $720-million (P40 billion) investment in soft drinks giant Coca-Cola Beverages Philippines Inc. Aboitiz Equity Ventures (AEV) said on Monday it had signed a definitive agreement with partner Coca-Cola Europacific Partners Plc. to jointly buy Coca-Cola Philippines from US-based The Coca-Cola Co. in