Rizal Commercial Banking Corp. (RCBC) announced yesterday that Cathay Life Insurance Co., Ltd., a wholly owned subsidiary of Cathay Financial Holding Co., Ltd. Will buy a 20 percent stake in the bank.
It will buy 124. million new subscribed shares plus 119 million shares sold by Hexagon Investments B.V., an entity controlled by funds advised by CVC Asia Pacific Limited (CVC), and 36.7 million existing shares being sold by International Finance Corporation (lFC).
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.