LT Group - updates

Rappler's latest stories on LT Group

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Lucio Tan's LT Group nets P14.7 billion in January-September 2019

Nov 14, 2019 - 8:55 PM

The LT Group's banking and tobacco businesses boost its earnings for the 1st 9 months of 2019, while figures of its alcohol and beverages drop

LT Group's president dumps majority of shares

Jul 08, 2019 - 5:55 PM

The disclosure does not explain why LT Group president Michael Tan, one of the sons of Lucio Tan, disposed of majority of his shares

DISPOSED SHARES. LT Group president and chief executive officer Michael Tan only now has 1,100 shares left from the holding company.

Lucio Tan's LT Group eyes purchase of sugar mill in Batangas

Jun 17, 2019 - 6:15 PM

LT Group plans to bid for Central Azucarera Don Pedro Incorporated. A couple of energy projects are also in the pipeline for the conglomerate.

DIVERSIFYING. LT Group is branching out to sugar milling and entertaining more energy-related projects. Central Azucarera Don Pedro photo from RHI

Conglomerates in talks for 'super consortium' to upgrade NAIA

Dec 07, 2017 - 3:50 PM

Andrew Tan's Alliance Global and Lucio Tan's LT Group confirm there are talks with other business groups, though no formal agreements have been reached

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.

Asia Brewery to produce Tiger, Heineken beer locally this year

Jun 20, 2017 - 5:58 PM

We ll start producing Tiger beer first this year and then later move on to producing Heineken locally which we are trying for this year also says LT Group president Michael Tan

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3 hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

DINNER WITH BUSINESSMEN. President Rodrigo Duterte hosts a dinner for the country's top businessmen on January 17, 2017. Photo by Rey Baniquet/Presidential Photo

Lucio Tan's LT Group sets P10 billion capital spending in 2016

Jun 21, 2016 - 7:30 PM

LT Group has a generally positive outlook for 2016 as it eyes new growth drivers to surpass 2015 s P6 6 billion net income

SPENDING. LT Group Incorporated, the listed holding company of tycoon Lucio Tan (3rd from left) is spending close to P10 billion in capital expenditures for this year. File image from Absolut Distillers Incorporated

Lucio Tan group acquires more shares in VMC

Feb 19, 2016 - 2:19 PM

The deal will boost Lucio Tan s LT Group’s stake in VMC by 4 5 to 28 1

UPS INVESTMENT. Shares bought by Lucio Tan came from Hong Kong-based First Pacific Company Limited. File photo by AFP

MVP exits Victorias Milling Company

Feb 16, 2016 - 3:03 PM

An analyst says First Pacific s exit in VMC will allow the company to concentrate on its other sugar milling firm Roxas Holdings Incorporated

EXIT. All entities affiliated with the First Pacific group agree to sell shares for a for a total bloc price of P1.8 billion ($38.42 million). Photo by Rob Reyes/Rappler

Ayala, LT Group partner to build C5 mixed-use township

Jan 23, 2016 - 11:10 AM

The 35 hectare lot along the C5 corridor is envisioned to be a township development that spans portions of Pasig City and Quezon City

MORE PARTNERSHIPS. This will be the third partnership between the listed companies of Jaime Augusto Zobel de Ayala (left) and Lucio Tan (right)

Lucio Tan group spending P10B in 2015

Jun 23, 2015 - 6:23 PM

The conglomerate is optimistic despite cigarette beer units’ challenges

PAL, Canada’s WestJet ink code share pact

Feb 10, 2015 - 6:22 PM

Through a code share agreement with WestJet the Philippines legacy carrier can sell seats on 6 select routes operated by the Canadian airline

Ailing PAL defers aircraft orders

Jan 22, 2015 - 11:51 PM

The flag carrier is also launching new routes and seeking foreign strategic partner to bring the ailing flag carrier back to health

Lucio Tan Group offers PAL minority shareholders a ‘way out’

Oct 17, 2014 - 9:58 PM

PAL minority shareholders can sell their shares through a voluntary tender offer

First Pacific eyes majority ownership of Roxas Holdings

Oct 07, 2014 - 12:20 PM

The Hong Kong based firm of Manuel V Pangilinan eyes majority ownership of the diversified sugar company before 2014 ends

PAL buyback: Lucio Tan’s change of heart

Sep 16, 2014 - 3:55 PM

PAL is more than an airline company for me It goes beyond investing — it is like family PAL is never far from my thoughts says the tycoon during a party celebrating the buyback

LUCIO TAN. The tycoon is buying back the Philippine Airlines stake he sold San Miguel in 2012. File photo by AFP

PAL is back in the black

Aug 15, 2014 - 7:41 PM

The flag carrier books a P1 5 billion income for Q2 amid talks to buy back San Miguel’s 49 stake in PAL by the Lucio Tan group

Lucio Tan group again raises holdings in Victorias

Aug 08, 2014 - 11:32 AM

Tan’s additional interest is still seen as a move to foil the efforts of other entities in the sugar milling firm

RAISING STAKES. The group of tycoon Lucio Tan ups again its stake in Victorias Milling. File photo by Agence France-Presse

MVP, Ayala groups not interested in PAL

Aug 05, 2014 - 8:03 PM

The groups say they are not interested in the flag carrier whose major shareholders are in sale talks

BUYBACK. The LT Group is reportedly raising close to $1 billion to buy back the 51% of SMC and to pay the advances made by the diversified conglomerate to PAL for the purchase of brand new aircraft. File photo by Agence France-Presse / Jay Directo

San Miguel eyes Philippine Airlines buyout

Jul 31, 2014 - 4:48 PM

San Miguel confirms local news reports that its president Ramon Ang and PAL were hopeful to buy out the rest of the carrier s shares by end September

San Miguel confirms local news reports that its president Ramon Ang and PAL were "hopeful" to buy out the rest of the carrier's shares by end-September. File photo by Agence France-Presse

LT Group raises stake in Victorias Milling

Apr 08, 2014 - 7:45 PM

The transaction is seen as a defensive move amid reports that MVP led First Pacific is interested in buying into the sugar milling firm

The group of tycoon Lucio Tan ups its stake in Victorias Milling. File photo by AFP

Lucio Tan, George Ty firms join PSEi

Aug 28, 2013 - 4:59 PM

Meralco and Belle Corp are excluded in the PSEi a basket of 30 most traded most liquid and well capitalized listed firms

Lucio Tan holding firm reports higher first-half profit

Aug 15, 2013 - 4:54 PM

Strong banking beverage and property segments drive LT Group s earnings growth

LUCIO TAN. The tycoon's holdings firm reported higher first-half earnings on strong banking, beverage and property performances. File photo by AFP

Asia Brewery goes into yoghurt and soy milk

Jun 21, 2013 - 5:45 AM

The LT Group is looking to expand its market share by distributing and manufacturing pasteurised yoghurt and soy milk

NEW VENTURES. The LT Group is looking to increase its market share with dairy products. Photo by Jum Balea/Rappler

Tanduay to be sold in US soon

Jun 20, 2013 - 2:56 PM

The company will start selling rum products in the US during the summer months of June to August

US MARKET. Lucio Tan-led LT Group plans to introduce its bestselling rum brand Tanduay in the US market. Photo from Tanduay Rhum's official Facebook page

PNB may sell shares to boost capital

Jun 19, 2013 - 5:39 PM

PNB wants to shore up capital ahead of Basel 3 a more stringent international regulatory framework for banks

LT Group Q1 earnings grow 53% to P5.8-B

May 21, 2013 - 1:04 PM

The strong performance of the company s banking and property units lifted its bottom line

LT Group raises P38-B in record share sale

Apr 17, 2013 - 1:51 PM

It says strong demand from global investors is a testament to the positive outlook on both the company and the Philippine economy

EQUITY OFFER. LT Group successfully raises P37.72 billion through the sale of shares to global investors. AFP Photo

LT Group shares suspended from trading

Apr 17, 2013 - 11:59 AM

The suspension comes ahead of the pricing of the company s share offer

RAISING CAPITAL. LT Group enters into a placing and subcription transaction with Tangent Holdings.

Lucio Tan group consolidates PNB stake

Feb 12, 2013 - 4:17 PM

LT Group acquires 7 firms that own 22 72 of PNB the surviving entity in a recent merger with Allied Bank

Lucio Tan holding firm excludes PAL, PAL Express

Oct 31, 2012 - 8:43 PM

The holding firm of tycoon Lucio Tan folded tobacco brewery and real estate companies into a listed liquor firm but excluded the airline businesses