Sy family's BDO takes full control of Podium complex after Keppel Group exit
BDO buys out the Singaporean investors of the Podium complex as the latter search for new growth opportunities
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BDO buys out the Singaporean investors of the Podium complex as the latter search for new growth opportunities
LENDER BDO Unibank Inc. on Wednesday said it completed its buyout of the interests of Keppel Philippines Properties Inc. and Opon-KE Properties Inc. in SM Keppel Land Inc., the owner of Podium complex in Ortigas Center. This follows the announcement last March 27, of the Keppel group’s decision to divest…
Again, we will have to wait to see how active the stability fund is being behind the scenes, but shareholders and IPO buyers should not count on a stability fund to protect against losses.
The buyout consisted of the entire equity stake of Keppel Philippines Properties, Inc. and Opon-KE Properties, Inc. in SM Keppel Land, Inc.
BDO Unibank Inc. is shelling out close to P8 billion to buy out the 50 percent stake of Keppel Philippines Properties Inc. and Opon-KE Properties Inc. in SM Keppel Land Inc.