Pangilinan-led PLDT has decided to trim its stake in technology firm Rocket Internet by more than half to raise €163.2 million (P10.5 billion), which is expected to be used for capital spending.
The telecom giant told the local bourse on Monday that it had accepted the public share purchase offer of Rocket for at least 6.8 million shares, or about 67.4 percent of its total shares in the latter.
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