RAMON S. ANG | INQUIRER PHOTO / NIÑO JESUS ORBETA
MANILA, Philippines — Tycoon Ramon S. Ang has acquired a 25.7-percent stake in Lopez Inc. from Eugenio “Gabby” Lopez III’s family branch, as the latter seeks to put a family dispute behind him.In a statement on Monday, Lopez said Creme Investment Corp., the holding company through which his branch owns the stake, had completed the sale to Ang.
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Moreover, Ang made the investment in his personal capacity through his wholly owned holding company. The statement did not disclose the value of the transaction.
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