FINANCING services firm Makati Finance Corp. is divesting a 20 percent share in its investment banking unit for P200 million in a bid to generate additional cash.
The company said it has sold nearly 6 million shares in Amalgated Investment Bancorporation (AIB) to Investivo Holdings, Inc. for P33.32 apiece, or for a total of P200 million, in which full payment shall be made within a period of 60 days.
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