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Ramon Ang Acquires Gabby Lopez’s 25.68% Stake in Lopez Inc.
['Clifford Asuzena']
PhilNews
Gabby Lopez Sells 25.68% Lopez Inc. Stake to Ramon AngRAMON ANG – The business tycoon has acquired a 25.68-percent stake in Lopez Inc. from the family branch of former ABS-CBN chairman Eugenio Gabby Lopez III.
Lopez said the decision was made mainly to help end the long-running dispute within the Lopez family and restore peace.
The remaining 74.32 percent of Lopez Inc. stays with other branches of the Lopez family.
Ang said he has known the Lopez family for decades and has maintained relationships with its different branches.
With the sale of its stake, Gabby Lopez’s family branch is stepping away from the conflict and focusing on new business ventures, while Ramon Ang becomes a significant minority shareholder in Lopez Inc.