Gregorio Araneta III Sells Majority Stake in PhilWeb Corp. for ₱1.8 Billion
Gregorio Araneta III, brother-in-law of President Ferdinand Marcos Jr., has announced the sale of his majority 57% stake in PhilWeb Corporation for ₱1.8 billion. The deal involves the transfer of 829.57 million common shares at ₱2.17 each to Nexora Holdings Inc. and Velora Holdings Inc., two domestic holding companies. This significant transaction marks Araneta’s exit from the […]
Gregorio Araneta III, brother-in-law of President Ferdinand Marcos Jr., has announced the sale of his majority 57% stake in PhilWeb Corporation for ₱1.8 billion. The deal involves the transfer of 829.57 million common shares at ₱2.17 each to Nexora Holdings Inc. and Velora Holdings Inc., two domestic holding companies. This significant transaction marks Araneta’s exit from the […]
