Bankers to sell smaller amount of PDS shares

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The story "Bankers to sell smaller amount of PDS shares" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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Bankers to sell smaller amount of PDS shares - Business Mirror

Quick Summary:

LENDERS grouped under the Bankers Association of the Philippines formally agreed to sell the BAP’s stake in the Philippine Dealing System (PDS) Holdings Corp.to the Philippine Stock Exchange Inc.(PSE); the amount of which, however, is smaller earlier targeted.

The transaction cost was based on the P3.75 billion enterprise value of the PDS, or P600 per share.

AIA’s move comes after the decision of the Financial Executives Institute of the Philippines Research and Development Foundation to also sell its stake to the PSE.