Capital International Private Equity Fund VI, L.P. (Cipef) and affiliated funds completed its subscription amounting to P2.5-billion worth of new Philippine deposit receipts (PDRs) to be issued by ABS-CBN Holdings Corp., which will in turn subscribe to the same number of newly issued common shares of the broadcasting firm.

“We are glad to have earned the support of our controlling shareholder and one of the world’s largest investment management and private equity firms in our pursuit to deliver enhanced value to all of ABS-CBN’s stakeholders,” said Eugenio Lopez 3rd, chairman of ABS-CBN.

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