First Philippine Holdings to Sell Controlling Stake in Rockwell Land for ₱15.9 Billion

AI-generated NewsSnap summary based on source reporting.
Published: 2026-11-14
Category: business
Source: ABS-CBN News

First Philippine Holdings is divesting its entire 90.74% controlling stake in property developer Rockwell Land to Crème Investment Corporation, a holding firm led by Gabby Lopez III. The transaction is valued at ₱15.9 billion, equivalent to ₱3 per common share.

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