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Published May 12, 2021, 4:22 PM
The Gokongwei Group, through private investment firm JE Holdings, is infusing P1.25 billion into Shakey’s Pizza Asia Ventures Inc. (PIZZA) as a new strategic investor of the Po family-controlled food chain.
In a disclosure to the Philippine Stock Exchange, Shakey’s said that, beginning June of this year, JE Holdings will join the Po family’s private holding company Century Pacific Group and the sovereign wealth fund of Singapore as a top shareholder of the Company.
JE Holdings is investing the P1.25 billion to acquire newly-issued shares, resulting in an approximately 9 percent ownership stake in PIZZA.