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BAP expects formal PSE offer for PDS stake buyout this week
The Philippine Star
|August 06, 2024
The Bankers Association of the Philippines (BAP) is expecting a formal offer from the Philippine Stock Exchange Inc. (PSE) in buying its stake in the Philippine Dealing System Holdings Corp. (PDS) this week.
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At the sidelines of the Bank Marketing Association of the Philippines' 50th-anniversary dinner reception, BAP president Jose Teodoro Limcaoco said they are expecting a formal offer from the PSE this week.
"Then the board will take it up and study. We don't know how much or anything," he told reporters.
Asked if there is a target price the BAP is eyeing to accept, Limcaoco said the BAP and the PSE may now have two separate internal valuations.
"I'm sure they'll be far apart, but I'm sure we can come to an agreement. The price is not an issue or shouldn't be a stumbling block," he said.
Denne historien er fra August 06, 2024-utgaven av The Philippine Star.
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