Aboitiz Equity Ventures Inc. (AEV) is finally exiting the shipping industry with the closing of its divestment of all of its interest in its shipping and shipping-related businesses.
Now considered as a conglomerate focused on power, the Aboitiz Group told the local bourse on Wednesday that it has completed the divestment of its interests in its all of its shipping-related businesses, with the disposition of all its interests in the Abojeb Group to PTC Holdings Corp., Behike Holdings Inc., Valdicava Holdings Inc., Jebsen Invest A.S. and Furunes Holdings Inc.
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