AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.

Index of articles > Business > International Business publications > BusinessWorld (Philippines) articles > May 2011 articles
Close

Create a link to this page

Copy and paste this link tag into your Web page or blog:

<a href="http://www.accessmylibrary.com/article-1G1-256356763/private-equity-firm-invests.html" title="Facts and information about Private equity firm invests P5B in RCBC.">Private equity firm invests P5B in RCBC.</a>
Close Set up an RSS feed that alerts you when new articles from BusinessWorld (Philippines) are available.
XML Add to My Yahoo! Add to My AOL Add to Google Subscribe in NewsGator
Frequently asked questions about RSS feeds

Private equity firm invests P5B in RCBC.

BusinessWorld (Philippines)

| May 13, 2011 | COPYRIGHT 1999 Business World Publishing Corporation. (Hide copyright information)Copyright

Byline: Ann Rozainne R. Gregorio

PRIVATE EQUITY group CVC Capital Partners will plunk in P4.96 billion in the Rizal Commercial Banking Corp. (RCBC), the country's fifth largest bank in asset terms, which will entitle it to a 15% stake and two board seats in the bank's 15-man board.

CVC's investment in the bank will complete RCBC's fund-raising exercise, as it gears up for expansion while bolstering its capital base in anticipation of Basel 3's stricter capital regime, but it will also dilute the Yuchengco Group's stake in its banking jewel.

Top officials of RCBC and CVC held signing ceremonies for the deal yesterday.

John Thomas G. Deveras, RCBC …

View articles courtesy of your local library
Related articles from newspapers, magazines, journals, and more
©2013 Gale, a part of Cengage Learning. All rights reserved. Contact us | Privacy policy | Terms and conditions

The AccessMyLibrary advertising network includes: womensforum.com GlamFamily