Apo Agua signs country’s
second largest private bulk
water supply deal
Apo Agua Infrastructura Inc., a joint venture
between Aboitiz Equity Ventures, Inc. and J.V.
Angeles Construction Corporation, enters into a
P12-billion bulk water supply agreement, the
second largest deal in the country to date, with
the Davao City Water District (DCWD). It will supply
DCWD 300 million liters per day of potable water to
benefit Davao City’s one million residents.
Aboitiz acquires PETNET
AEV acquired a 51% stake in local remittance firm PETNET,
the largest Western Union agent network in the country.
It has over 300-owned branches and 1,800 sub-agent
branches nationwide. Together with the Aboitiz Group,
PETNET has a big potential for growth and development
in distributing complementary products.
Lumina Pandit II
UnionBank partners with the University of Sto. Tomas (UST) for
the heritage preservation project Lumina Pandit II: Unending Light.
The project aims to restore, preserve, and digitize 30,000
rare historic books and documents housed at UST’s Miguel de
Benavides Library and University Archives.