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Newsletter by Index-Asia

Some of the latest selected deals of the area:

September 2019 Newsletter – Index Asia Ltd.


Energy – USD66.8m
[Energy][Joint Venture] Metro Pacific Investments Corp has signed a joint venture agreement with Dumaguete City Water District to rehabilitate and expand its existing facilities for PHP1.62bn
[Energy][Acquisition] Phoenix Petroleum Philippines acquires a Vietnamese company now renamed Phoenix Gas Vietnam that trades and distributes LPG for USD15.7m
[Energy][Investment] AC Energy invests USD20m to finance the development of renewable energy with UPC Renewables in the Asia-Pacific region


Telecom – USD259.6m
[Telecom][Acquisition] Globe buys back Yondu shares from Xurpas priced at PHP501m
[Telecom][Investment] Converge ICT Solutions gets USD250m from US-based investment fund
[Telecom][Partnership] Smart ties up with TrueMoney to expand retail biz

Real Estate, Hospitality – USD90.4m
[Real Estate][Partnership] AboitizLand partners with microstudio apartment developer Point Blue
[Real Estate][Divestment] Singapore-based Fraser Property has completely divested from its Philippine operations with the sale of more than PHP1.7bn worth of assets in Makati City
[Real Estate][Joint Venture] CLI, AboitizLand form JV firm to build condos in Cebu
[Hospitality][Expansion] Astoria Hotels & Resorts to spend PHP3bn for expansion plan
[Hospitality][Acquisition] CLI acquires, manages premium Mactan resort property 

Finance – USD241.5m
[Banking][Fundraising] BDO Unibank, Inc. has raised PHP6.5bn via an offer of long-term negotiable certificates of deposit
[Banking][Fundraising] Security Bank raises PHP6.06bn in long-term negotiable certificates of deposit

Tech – USD2.7m
[Tech][Fundraising] PayMongo, a Philippine fintech startup, has secured a seed investment of USD2.7m from top Silicon Valley investors 

Education – USD2.9m
[Education][Expansion] Far Eastern Unviersity (FEU) is increasing its stake in Edustria through a P153-million investment

Healthcare – USD0.0m
[Healthcare][IPO] MPIC’s hospital group files for IPO, hopes to raise PHP75bn

Retail, F&B – USD23.1m
[F&B][IPO] Food & beverage firm Fruitas Holdings files for PHP1.2bn IPO
[Retail][IPO] AllHome sets IPO price at PHP11.50 per share

Agribusiness – USD5.9m
[Agribusiness][IPO] Axelum Resources Corp., a cocounut product manufacturer and exporter,  is set to launch its IPO next month, gearing up for aggressive expansion
[Agribusiness][Investment] Dole PH Plantation invests PHP306m for pineapple packing plant

Logistics – USD0.0m


Other – USD265.7m
[Industrials][Investment] Phinma to invest USD50m into unit of Vietnamese cement firm
[Airport][Construction] DOTr, San Miguel sign agreement for Bulacan Airport
[Industrials][Investment] SteelAsia, HBIS ink 1bn investment deal for Batangas plant
[Industrials][Acquisition] A Unit of AbaCore Capital is selling its Batangas property to cement manufacturer Premiere-Slag International for PHP225.88m
[Industrials][Investment] Big Boss Cement, sister firm to invest PHP10bn for new plants


Aggregate Deal Values = USD958.6m
Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.
*USD1.00 = PHP51.99