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Ramon Ang acquires 25.68% stake in Lopez Inc. from Gabby Lopez family branch
['Asian Journal Newsroom']
Asian Journal News
Ang has acquired a 25.68 percent stake in Lopez Inc. from Crème Investment Corp., representing Lopez’s family branch.
Crème Investment Corp. sold its entire stake in Lopez Inc. to Ang, according to corporate disclosures and statements released Monday.
The remaining Lopez family branches continue to hold the controlling majority.
Through its corporate holdings, the group has interests in companies including First Philippine Holdings Corp., First Gen Corp., Rockwell Land Corp. and ABS-CBN Corp., spanning energy, property, media and other businesses.
It introduces a prominent outside shareholder while leaving majority ownership with the remaining Lopez family branches.