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                    [ArticleID] => 335010
                    [Title] => Sorianos pull out of ICTSI, sell 23% stake to Razon for P5.91B
                    [Summary] => Investment holding firm A. Soriano Corp. (Anscor) has withdrawn from the port operations business with the sale of its 23-percent stake in International Container Terminal Services Inc. (ICTSI) to the port operator’s chairman and president, Enrique Razon, for P5.91 billion (approximately $115 million).


In a disclosure to the Philippine Stock Exchange, Anscor said the transaction, crossed through the stock market yesterday, involved 503.3 million shares sold for P11.75 each.


Razon has set up a new company to hold his newly-acquired ICTSI stake.


                    [DatePublished] => 2006-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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ITS MADAGASCAR AND NAHA

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                    [ArticleID] => 335010
                    [Title] => Sorianos pull out of ICTSI, sell 23% stake to Razon for P5.91B
                    [Summary] => Investment holding firm A. Soriano Corp. (Anscor) has withdrawn from the port operations business with the sale of its 23-percent stake in International Container Terminal Services Inc. (ICTSI) to the port operator’s chairman and president, Enrique Razon, for P5.91 billion (approximately $115 million).


In a disclosure to the Philippine Stock Exchange, Anscor said the transaction, crossed through the stock market yesterday, involved 503.3 million shares sold for P11.75 each.


Razon has set up a new company to hold his newly-acquired ICTSI stake.


                    [DatePublished] => 2006-05-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Sorianos pull out of ICTSI, sell 23% stake to Razon for P5.91B

By Zinnia B. Dela Peña | May 5, 2006 - 12:00am

Investment holding firm A. Soriano Corp. (Anscor) has withdrawn from the port operations business with the sale of its 23-percent stake in International Container Terminal Services Inc. (ICTSI) to the port operator’s...

Business