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THE Philippine National Bank (PSE: PNB) successfully bid out a foreclosed property that is strategically located in the Manila Harbour Centre, a statement issued by the lender last April 23 read. The winner of the competitive bidding is listed port operator, International Container Terminal Services Inc. (ICTSI), the PNB said.…
Philippine National Bank (PNB) announced on Saturday, April 23, that it has successfully bid out its foreclosed property in Manila Harbor Centre for P3.68 billion to port operator International Container Terminal Services Inc. (ICTSI), which already paid the Lucio Tan-owned bank in cash. The three-
Philippine National Bank of tobacco and airline magnate Lucio Tan is raising P3.68 billion from the sale of its foreclosed Manila North Harbour property to Razon-led International Container Terminal Services Inc..