The PhilStar Global reported that the Aboitiz Group have taken control of AirAsia Philippines through the AA Com Travel Philippines Inc., the firm that bought a 60% stake in AirAsia Philippines. The Aboitiz Group through its holding company, Aboitiz Equity Ventures (AEV), then immediately denies the report and demanded that the report be taken down.Continue reading “Aboitiz buying AirAsia PH, a fake news or a leak? AEV vs MPI?”
Tag Archives: AEV
Consunji’s DMC and Aboitiz’s AP sit on opposing ends of the coal trade, may explain their respective buying and selling of their companies’ shares
Two notable publicly listed companies are at the forefront in the coal trade. But the two are sitting on the opposite end of the coal trade. Their respective positions in the coal trade may explain their owner’s action. Aboitiz Power (AP), controlled by the Aboitiz family, is one of the biggest if not the biggestContinue reading “Consunji’s DMC and Aboitiz’s AP sit on opposing ends of the coal trade, may explain their respective buying and selling of their companies’ shares”
AEV learns from Transport/2GO experience, cashes out portion of Power while value is still high
In 2010 Aboitiz Equity Ventures (AEV) sold Aboitiz Transport System operating under the 2GO brand to Negros Navigation Co. (NENACO) for 3.5 Billion Pesos. AEV incurred a loss of 74.6 Million Pesos on the sale of 2GO. The loss may have been small, but AEV made an impairment charge before that of 2.1 Billion Pesos.Continue reading “AEV learns from Transport/2GO experience, cashes out portion of Power while value is still high”
Aboitiz Equity Venture (AEV) 10.5-Billion Bonds matured on August 6, 2020, no disclosure if the said bonds has been settled
Aboitiz Equity Ventures Inc. (AEV) reported on its July 30, 2020 first semester financial statements that AEV, the parent compay, has a 10.5-Billion Peso Bond maturing on August 6, 2020 and another 6.2-Billion Pesos bond will be maturing on November 21, 2020. As of December 31, 2019, AEV, the parent company, had cash and cashContinue reading “Aboitiz Equity Venture (AEV) 10.5-Billion Bonds matured on August 6, 2020, no disclosure if the said bonds has been settled”