Bits and Snippets of the Philippines

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Dutch Company Invests P2.2 Billion in Century Properties Inc.

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Century Properties Inc. (CPI) over the weekend said it has received a P2.2 billion investment from Netherlands-based All Pensions Group (APG).

CPI described APG as a strategic investor but did not provide details on how the APG entry is structured.

“The investment by APG in Century augurs well as it is a sign of APG’s confidence in the Philippine economy over the long term and APG’s trust in the management, track record and vision of Century. Today, Century is marking a milestone through our partnership with APG,” Jose E. B. Antonio, CPC chairman, said.

Read more at Malaya Business Insight

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Written by Raffy Pekson II

January 23, 2011 at 3:02 pm

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