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Newsletter

Newsletter by Index-Asia

Some of the latest selected deals of the area:

[Logistics] [Acquisition] Chelsea Logistics is in the process of acquiring Starlite Ferries Inc. to expand its shipping and logistics operations. http://bworldonline.com/chelsea-logistics-buy-starlite-ferries/

[Mining] [Merger] Marcventures Holding Inc. completes its planned merger with Asia Pilot Mining Philippines Corp. and BrightGreen Resources Holdings Inc. to grow its business and diversify its products. http://www.philstar.com/business/2017/09/13/1738471/marcventures-finalizes-merger-2-mines

[Energy] [Acquisition] MRC Allied acquires a 15% stake in a solar power project in Leyte managed by Sulu Electric Power and Light Philippines Inc. (Sepalco) for $5 million. http://business.inquirer.net/237225/mrc-allied-moves-energy-new-solar-stake

[Logistics] [Acquisition] International Container Terminal Services Inc. (ICTSI) acquires 35% ownership of Manila North Harbour Port Inc. (MNHPI) from Petron Corp. for P1.75 billion. http://bworldonline.com/ictsi-buys-petrons-stake-manila-north-harbor/

[Hospitality] [Sale] Prime Metroline Holdings Inc. sold P3.8 billion worth of Bloomberry Resorts Corp. shares to institutional investors. http://business.inquirer.net/236746/razon-sells-p3-8b-worth-bloomberry-shares

[E-commerce] [Fundraising] Cocoon Capital invests $629,700 in seed funding in Poundit, a local e-commerce startup. http://www.manilatimes.net/local-startup-poundit-raises-p32-4m-funding/350906/

[Energy] [JV] FIlinvest Land Inc and Engie Group establish a 60-40 joint venture to establish Philippine DCS Development Corp., which focuses on district cooling systems. https://www.euroheat.org/news/engie-invests-philippine-district-cooling-project/

[Finance] [Debt] Ayala Corp. is raising $400m through issuance of bonds, the first corporate fixed-for-life annual coupon in the Philippines and Southeast Asia. http://www.philstar.com/business/2017/09/08/1736765/ayala-corp-raise-400-m-bond-sale

[Healthcare] [Divestment] A Soriano Corp (Anscor) has effectively divested its entire ownership (93.55%) from Cirrus Medical Staffing Inc. (CMSI) for $36.85m. http://business.inquirer.net/238963/anscor-sells-stake-us-based-firm-36-85m

[Finance] [Acquisition] Metropolitan Bank & Trust Company (Metrobank) is buying out the 40% stake held by ANZ Funds Pty Ltd for $287m to gain full ownership of Metrobank Card Corp. (MCC) http://business.inquirer.net/238857/metrobank-buying-anzs-40-stake-credit-card-venture

[Real Estate] [Acquisition] SBS Philippines Co. continues its diversification into property development through the acquisition of minority stake (4.25%) of Joune Holding Limited, a Hong Kong-based property holding firm, for $1.5m https://businessmirror.com.ph/sbs-unit-buys-minority-stake-in-sytengcos-hong-kong-firm/

[JV] [Aviation] Macroasia Corp and PTC Holdings Corp have established an aviation manpower development center through a 51-49 joint venture. http://business.inquirer.net/238727/macroasia-ptc-set-aviation-manpower-training-venture

[Real Estate] [Fundraising] Hoppler, a Filipino real estate marketplace, has received funding from Frontier Digital Ventures, a Malaysia-based VC. https://www.dealstreetasia.com/stories/malaysias-frontier-digital-backs-philippine-property-online-platform-hoppler-83676/

[Healthcare] [Acquisition] Metro Pacific Investments Corp (MPIC) has acquired majority stake (54%) of St. Elizabeth Hospital Inc (SEHI), a private hospital in General Santos City, for PHP 177.9m. http://www.philstar.com/business/2017/10/06/1745835/mpic-acquires-majority-stake-gensan-hospital

[Real Estate] [Fundraising] Revolution Precrafted, a developer of prefabricated designer homes, became the Philippines’ first unicorn after raising a Series B funding co-led by K2 VC. https://www.techinasia.com/philippines-billiondollar-startup

[Finance] [Divestment] Makati Finance Corp. has divested its stake in Amalgamated Investment Bank to Investivo Holdings for PHP 200m. http://www.manilatimes.net/makati-finance-sells-aib-stake-p200m/358123/

[Industrial] [Divestment] Chemical Industries of the Philippines is selling its 66% stake in LMG Chemicals Corp, a chemical manufacturer and distributor, to local businessmen for PHP 405m. https://businessmirror.com.ph/chemphil-to-sell-chemical-trading-arm-to-businessmen/

[Finance] [Fundraising] Philippine National Bank has long term notes due in 2023 to raise PHP 6.35b. http://bworldonline.com/pnb-raises-p6-35b-ltncds/

[Consumer Goods] [Acquisition] Phoenix Petroleum Philippines Inc. is set to complete its full acquisition of Philippine Family Mart from Ayala, SSI, FamilyMart Co Ltd, and Itochu. https://www.dealstreetasia.com/stories/philippines-phoenix-petroleum-buys-familymart-chain-from-ayala-ssi-85279/