Piki Lopez ring-fences the Lopez Holdings board
Who’s in, who’s out in Lopez Holdings, and what happens next after the annual stockholders’ meeting of the firm on Monday, September 14
Who’s in, who’s out in Lopez Holdings, and what happens next after the annual stockholders’ meeting of the firm on Monday, September 14
Why are the Lopezes still calling the shots at ABS-CBN even as an outsider pays most of its rescue?
The Lopez group, through First Gen, bought Energy Development Corp. from the government in 2007 and has spent the 19 years since learning how deep the asset actually goes
Gabby Lopez’ branch turned part of their inheritance into cash—and put some of it toward keeping ABS-CBN alive. Their cousin Piki Lopez is securing control over what remains below.
A Lopez Inc.-level deal is more radical because it goes straight to the family battlefield. Here’s our exclusive take on the options at the table.
Gabby Lopez found a way around the family fight that had stalled fresh money for the network. But the P6-billion rescue also rewrites who owns ABS-CBN, and who gets a say in what it becomes.
(1st UPDATE) Energy Regulatory Commission Chair Francis Saturnino Juan says the regulator is looking into issues involving generation market-share limits and cross-ownership restrictions
His personal investment in Lopez Inc. is not necessarily a conflict of interest. But there are red lights.
When stockholders of ABS-CBN finally meet on Wednesday, August 19, the question hanging is no longer simply who was willing to rescue it. It is where the rescue money will go, how much will be spent paying for ABS-CBN’s past, and how much will remain to build its future.
(1st UPDATE) Hours after Wednesday’s stockholders’ meeting, ABS-CBN discloses that its board had approved the corporate changes needed to accommodate the P6 billion in fresh equity that could substantially alter who owns the company