Banco De Oro seeks approval to buy MNTC stake.Global Banking News-17 February 2010-Banco De Oro seeks approval to buy MNTC stake(C)2010 ENPublishing - http://www.enpublishing.co.uk Global Banking News - 17 February 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk Banco de Oro
Banco de Oro (PSE: BDO[1]), formally Banco de Oro-EPCI, Inc. Unibank (BDO.PH), the Philippines' second-largest lender by assets, has said that it was seeking central bank approval for a plan to acquire a 12.4 percent interest in Manila North Tollways Manila North Tollways Corporation, based in Pasig City, Metropolitan Manila, the Philippines, is the concessionaire of the North Luzon Expressway. External links
The confirmation came after a media report which said that the central bank had already granted its approval for the transaction. MNTC, which operates the North Luzon Expressway The North Luzon Expressway (NLE or NLEx), also called North Diversion Road, is a limited-access toll expressway that connects Metro Manila to the provinces of the Central Luzon region in the Philippines. toll road (NLEX), is also set to begin construction of a PHP2.1bn road expansion of NLEX, the report said. [Editorial queries for this story should be sent to gbn@enpublishing.co.uk] ((Distributed via M2 Communications - http://www.m2.com)) |
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