BDO Unibank Inc. announced on Friday that a Singapore-based company had completed its acquisition of an equity stake in the Sy-led lender’s rural subsidiary One Network Bank Inc. (ONB).
In a disclosure, the listed banking giant said it had sold the 15-percent equity stake in the Philippines’ largest rural bank to Osmanthus Investment Holdings Pte., a unit of private equity company Archipelago Capital Partners Pte. Ltd.
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