MANILA, Philippines -- The country's biggest mall owner and operator has confirmed that it is in talks to acquire a majority stake in the holding firm of the Ortigas family.
"We confirm that SM Group is in the process of discussion for the acquisition of majority interest in Ortigas Holdings Inc. The amount and details of the transaction are still under discussion and subject to finalization," Jose Sio, SM Investments Corp. finance officer, told the Philippine Stock Exchange.
The Ortigas & Co Ltd. Partnership own Greenhills Shopping Center, the financial district Ortigas Center, Tiendesitas, Frontera Verde, Valle Verde subdivisions, Greenmeadows, Greenhills subdivisions, Luntala, Circulo Verde, and Viridian in Greenhills.
source: interaksyon.com
