UBP to complete City Savings purchase

27 Jan


Union Bank of the Philippines (UBP) board authorized the purchase of 894 remaining shares of City Savings Bank (CSB) held by 41 minority holders, at PHP 29,469.92 apiece.

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This represents 0.35% of capital stock, at same price UBP paid for other CSB shares acquired from Aboitiz Equity Ventures (AEV) & Pilmico.

Offer period will run 12 months from date of approval.

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Posted by on January 27, 2015 in Corporate News, Stock Market, UBP


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