Philippine tycoon Federico Lopez-controlled company sells property developer to cousin’s firm
Crème Investment, a privately held company led by Eugenio Lopez III, will acquire FPH’s full 90.7% stake in Rockwell Land, the conglomerate said in a stock exchange disclosure. The deal further divides the Lopez family’s business empire, which also includes ABS-CBN, a former media giant whose broadcast license the government did not renew in 2020. … Read more