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                    [ArticleID] => 363624
                    [Title] => Pangilinan-led group takes over Burger King franchise from Ayala
                    [Summary] => 



Conglomerate Ayala Corp. has sold its Burger King fastfood chain in the Philippines to BK Titans Inc. for an undisclosed amount, completing its exit from the food industry and allowing it to focus on its core businesses.


In a disclosure to the Philippine Stock Exchange, Ayala Corp. said it had transferred its majority ownership in PFN Holdings Corp. to BK Titans, a company organized by a group of Filipino businessmen led by Manuel V. Pangilinan, chairman of telecommunications giant Philippine Long Distance Telephone Co.


                    [DatePublished] => 2006-10-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
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ASIAPAC PTE LTD

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                    [ArticleID] => 363624
                    [Title] => Pangilinan-led group takes over Burger King franchise from Ayala
                    [Summary] => 



Conglomerate Ayala Corp. has sold its Burger King fastfood chain in the Philippines to BK Titans Inc. for an undisclosed amount, completing its exit from the food industry and allowing it to focus on its core businesses.


In a disclosure to the Philippine Stock Exchange, Ayala Corp. said it had transferred its majority ownership in PFN Holdings Corp. to BK Titans, a company organized by a group of Filipino businessmen led by Manuel V. Pangilinan, chairman of telecommunications giant Philippine Long Distance Telephone Co.


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                    [AuthorName] => Zinnia B. Dela Peña
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abtest

Pangilinan-led group takes over Burger King franchise from Ayala

By Zinnia B. Dela Peña | October 18, 2006 - 12:00am

Conglomerate Ayala Corp. has sold its Burger King fastfood chain in the Philippines to BK Titans Inc. for an undisclosed amount, completing its exit from the food industry and allowing it to focus on its...

Business