UnionBank of the Philippines--which counts the Aboitiz family as its biggest shareholder--is raising as much as 59 billion pesos in a stock rights offering to fund the acquisition of Citigroup's consumer banking business in the country.
UnionBank Raising Up To $1.1 Billion To Fund Acquisition Of Citigroup's Philippine Consumer Banking Unit
Forbes - 1 Apr 2022 07:15
UnionBank of the Philippines--which counts the Aboitiz family as its biggest shareholder--is raising as much as 59 billion pesos in a stock rights offering to fund the acquisition of Citigroup's consumer banking business in the country.
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