State-run Land Bank of the Philippines (LBP) wants to buy over 60 percent of Philippine Dealing System (PDS), documents obtained by reporters showed.
“The undersigned recommends to the board the acquisition by Land Bank of the Philippines of a majority stake or at least 66.67 percent of the Philippine Dealing System Holdings Corporation (“PDS”),” LandBank President and CEO Alex Buenaventura said in a January 16 letter addressed to the bank’s board of directors.
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