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Victorias gets $153 million from UK venture capitalist.
Paving the way for the long-overdue rehabilitation of debt-saddled Victorias Milling Co. (VMC), London-based Kest Quartermain Venture Capital Partners Ltd. (KQVCPL) proposed to extend a $153-million loan to help pay off the sugar miller's creditor banks. KQVCPL's proposal has been conformed and signed by VMC president Manuel B. Manalac and was recently presented to Securities and Exchange Commission (SEC) chairperson Lilia R. Bautista.
The proposal includes, among others, a provision of a loan to pay off the firm's obligations with the banks and financial institutions, amounting to over P6.56 billion. The said funding will be provided by General Electric Corp. (GE …
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- VMC creditors oppose Kest investment offer.
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Magazine article from: BusinessWorld (Philippines)
January 11, 2001
700+ words
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- VMC management submits third alternative rehab plan.
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Magazine article from: BusinessWorld (Philippines)
January 5, 2001
700+ words
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- VMC creditor rejects entry of UK venture capital firm.
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Magazine article from: BusinessWorld (Philippines)
January 2, 2001
700+ words
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- Victorias shareholders okay third version of rehab plan.
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Magazine article from: BusinessWorld (Philippines)
January 26, 2001
700+ words
