Lopez majority to invest P2.2B in ABS-CBN

The facade of ABS-CBN network headquarters in Quezon City. EDWIN BACASMAS

MANILA, Philippines — The Lopez family majority is investing P2.2 billion of its own money in ABS-CBN Corp. to help the media company meet obligations to long-serving employees and support its recovery plans.

The three branches of the Lopez family majority— through Crème Investment Corp., Mantes Corp. and Presta Holdings Company Inc.—said on Wednesday that the funds would come from their personal resources.

READ: Ramon Ang buys into Lopez empire amid family rift

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Lopez majority to invest P2.2B in ABS-CBN

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