Lopez Holdings Corporation

Last updated

Lopez Holdings Corporation
Company type Public
PSE:  LPZ
IndustryVarious (conglomerate)
FoundedJune 8, 1993;30 years ago (June 8, 1993)
Founder Eugenio Lopez, Sr. and Fernando Lopez, Sr.
Headquarters16/F North Tower, Rockwell Business Center Sheridan, Sheridan corner United Sts., Bgy. Highway Hills, Mandaluyong, Metro Manila, Philippines
Area served
Worldwide
Key people
  • Federico R. Lopez (Chairman and Chief Executive Officer)
  • Martin L. Lopez (Vice-Chairman)
  • Salvador Tirona (President, CCO and CFO)
RevenueDecrease2.svg PHP 107.28 billion (2020)
Decrease2.svg PHP 18.07 billion (2020)
Decrease2.svg PHP 13.18 billion (2020)
Total assets Increase2.svg PHP 401.5 billion (2023)
Total equity Increase2.svg PHP 201.02 billion (2020)
Parent Lopez, Inc. (54.44%)
Subsidiaries ABS-CBN Corporation
Manila Electric Company (3.95% interest)
First Philippine Holdings Corporation
First Gen Corporation
First Philec Corporation
First Philippine Industrial Park
Rockwell Land Corporation
Website lopezlink.ph
www.lopez-holdings.ph

Lopez Holdings Corporation (formerly Benpres Holdings Corporation until July 5, 2010 and also known as Lopez, Inc.) is a Filipino conglomerate founded by the brothers Eugenio Lopez, Sr. and Fernando Lopez, Sr. It has substantial holdings in the public service and utilities sector in the Philippines and serves as the Lopez family's publicly listed holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; manufacturing; and property development. It added to its portfolio investments in other basic service sectors but has also since sold its interest in banking, toll roads, information technology, and health care delivery.

Contents

Lopez Holdings Corporation is majority-owned by Lopez, Inc., a private holding and investment entity of the Lopez family.

Businesses

Media and Telecommunications

Power and Energy

Power Generation

  • First Gen Corporation (First Gen) - is the holding company of First Holdings in power generation and energy-related businesses. First Holdings owns 76% of First Gen.
  • First Gas Holdings Corporation (FGHC) - established in 1994 as a joint-venture between First Holdings and the BG Group to develop natural gas projects in the Philippines using natural gas from the Malampaya gas field. FGHC is now a wholly owned subsidiary of First Gen acquiring the 40% interest of BG Group in 2012.
  • First Gas Power Corporation (FGPC) - established in 1994 as a joint-venture between First Holdings and the BG Group to operate a 1,000 MW combined cycle gas turbine power plant in Santa Rita, Batangas. In May 2012, First Gen acquired the 40% interest of the BG Group, making FGPC an indirect wholly owned subsidiary of First Gen.
  • FGP Corporation (FGP) - established in 1997 as a joint-venture between First Holdings and the BG Group to operate a 500 MW gas turbine combined cycle power plant in San Lorenzo, Batangas. In May 2012, First Gen acquired the 40% interest of the BG Group, making FGPC an indirect wholly owned subsidiary of First Gen.
  • FGP San Gabriel is a 420 MW combined cycle gas turbine plant which was established in 2016 as an indirect wholly owned subsidiary of First Gen.
  • FG Hydro Power Corporation - First Gen Hydro Power Corporation (FG Hydro) was incorporated as a wholly owned subsidiary of First Gen.
  • FG Bukidnon Power Corporation
  • First Gen Renewables, Inc. (FGRI), formerly known as First Philippine Energy Corporation, was established in 1978 to develop prospects in the renewable energy market. First Gen owns 100% of FGRI.
  • Energy Development Corporation - established in 1976,accounts for more than 60% of the country’s installed geothermal capacity. Its plants are located in the provinces of Leyte, Negros Oriental, Negros Occidental, Bicol and North Cotobato. In November 2007, First Gen Corporation bid for and won a 60-percent economic stake in EDC. As of 2011 First Gen owns over 46% of EDC.

Power Distribution

  • Manila Electric Company (Meralco) - acquired by the Lopez Group 1962 and developed into a power-distributing company. Between 2009 and 2012, the Lopez Group would reduce its 33.4% holdings in MERALCO by selling most of its shares to the First Pacific Group. [2] [3] [4] Since 2012, the Lopez Group's maintains a 3.95% interest (one board seat) in MERALCO. [5]
  • Panay Electric Company (PECO) - First Holdings entered into a joint venture with the Panay Electric Company, Inc. (PECO) in March 1996 for the construction of a US 72 million diesel-fired power plant in Iloilo City. First Holdings acquired a 30 percent equity in PECO. In turn, PECO subscribed to a 30 percent equity interest in Panay Power Corporation. First Holdings currently owns 30% of PECO.

Real estate

Infrastructure

Manufacturing

Other businesses of the Lopez Group

Former businesses

Notes

  1. The name ABS-CBN Broadcasting Corporation is now used as the company's alternative and secondary name after it changed its primary name to ABS-CBN Corporation in October 1, 2008, such as the sign-on and sign-off of ABS-CBN from October 1, 2008 to June 26, 2012, at the end of credits of Maalaala Mo Kaya until late 2010s, and on some news articles that are related to the network and media conglomerate.

Related Research Articles

<span class="mw-page-title-main">Fernando Lopez</span> Vice President of the Philippines from 1949 to 1953 and 1965 to 1972

Fernando Hofileña Lopez Sr. was a Filipino statesman. A member of the influential Lopez family of Iloilo, he served as vice president of the Philippines for under Presidents Elpidio Quirino from 1949 to 1953 under the Liberal Party and Ferdinand Marcos from 1965 to 1972, under the Nacionalista Party. He was also the chairman of ABS-CBN Corporation from 1986 to his death in 1993.

<span class="mw-page-title-main">ABS-CBN Corporation</span> Media and entertainment conglomerate in the Philippines

ABS-CBN Corporation is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest radio broadcaster, entertainment television production, program syndication provider and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation, which is owned by the López family. ABS-CBN was formed by the merger of Alto Broadcasting System (ABS) and Chronicle Broadcasting Network (CBN).

<span class="mw-page-title-main">Meralco</span> Large distribution private utility sector in the Philippines

The Manila Electric Company, also known as Meralco, is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 municipalities, including the whole of Metro Manila and the exurbs that form Mega Manila.

<span class="mw-page-title-main">Globe Telecom</span> Telecommunications company in the Philippines

Globe Telecom, Inc., commonly shortened as Globe, is a major provider of telecommunications services in the Philippines. The company operates the largest mobile network in the Philippines and one of the largest fixed-line and broadband networks. As of November 2023, Globe has 54.7 million subscribers, making it the second largest network in terms of subscriber base.

<span class="mw-page-title-main">Sky Cable</span> Cable television service in the Philippines

Sky Cable is a cable television service of Sky Cable Corporation in the Philippines. It covers areas across the country with both digital and analog cable services, and it has 700,000 subscribers, controlling 45% of the cable TV market.

<span class="mw-page-title-main">SM Investments</span> Philippine conglomerate

SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests on various sectors, mostly on shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.

<span class="mw-page-title-main">Rockwell Center</span> Place in Metro Manila, Philippines

Rockwell Center is a high-end mixed-use neighborhood in the Poblacion area of Makati City, Metro Manila, Philippines, named after James Rockwell, former President of Manila Electric Railroad and Light Company (Meralco). It is a project of Rockwell Land Corporation, which is owned by the Lopez Holdings Corporation. Rockwell Center was first developed in 1998 and is being expanded since 2012. The architectural firm Skidmore, Owings & Merrill (SOM) carried out the design under the direction of former design partner Larry Oltmanns, while Felino Palafox and his company, Palafox Associates, became responsible for the master-planning of the complex. Its centerpiece, the Power Plant Mall, opened on December 26, 2000. Rockwell Center includes office buildings, condominium towers, a professional school and a shopping mall.

<span class="mw-page-title-main">Eugenio Lopez III</span> Filipino-American businessman

Eugenio Gabriel "Gabby" Lopez III is a Filipino-American businessman who was the CEO (1993–2013), chairman (1997–2018) and chairman emeritus (2018–2020) of ABS-CBN Corporation, the largest entertainment and media conglomerate in the Philippines.

<span class="mw-page-title-main">JG Summit Holdings</span> Filipino conglomerate

JG Summit Holdings, Inc. (JGSHI) is one of the largest conglomerates in the Philippines with business interests in air transportation, banking, food manufacturing, hotels, petrochemicals, power generation, publishing, real estate and property development, and telecommunications. Key subsidiaries include Universal Robina and Cebu Pacific. Incorporated in November 1990, JG Summit Holdings was founded by John Gokongwei Jr., one of the wealthiest individuals in Southeast Asia. In 2010, JGSHI was one of the ten most profitable companies on the Philippine Stock Exchange.

Knowledge Channel is a Philippine free-to-air television channel owned by ABS-CBN that consists of educational and informative programs. The channel is available on digital TV via BEAM TV, Sky Cable, Sky Direct, Cignal, Parasat Cable TV, G Sat, Cablelink and other cable providers. It also livestreams online via iWantTFC while a video on demand service is available on YouTube.

<span class="mw-page-title-main">First Philippine Holdings Corporation</span>

First Philippine Holdings Corporation (FPH) is a management and investment company whose major business is power generation and distribution, with strategic initiatives in manufacturing and property development. FPH is a member of the Lopez Group of Companies.

<span class="mw-page-title-main">Metro Pacific Investments</span> Philippine conglomerate

Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines.

MediaQuest Holdings, Inc. is a Philippine media company based in Mandaluyong. It is involved in radio and television broadcasting, as well as direct-to-home satellite services and print media. Though an affiliate of telecommunications company PLDT, MediaQuest is owned by the former's Beneficial Trust Fund, a retirement pension plan funded through its Philippine Depository Receipts. PLDT does not directly own any media property as the current 1987 Constitution states that media companies should be 100% owned by Filipinos and the company's major shareholders include foreign entities such as First Pacific and Nippon Telegraph and Telephone.

Home Cable was a cable television service in the Philippines. It covered parts of Metro Manila from April 27, 1992, until its closure on June 30, 2005, when it was folded into Sky Cable's operations.

<span class="mw-page-title-main">Sky Cable Corporation</span> Telecommunications company in the Philippines

Sky Cable Corporation, doing business as Sky, is a Filipino telecommunications company based in Diliman, Quezon City. A subsidiary of the media conglomerate ABS-CBN Corporation, the company offers broadband, cable and satellite television services under the Sky Cable and Sky Direct brands. The company was founded on June 6, 1990 by Benpres Holdings Corporation as Central CATV, Inc.

DMCI Homes, Inc. is the real estate arm of DMCI Holdings through its wholly owned subsidiary DMCI Project Developers, Inc. (PDI). It was incorporated and registered with the Securities and Exchange Commission (SEC) on April 27, 1995. It ranked #146 in the Business World Top 1000 Corporations for 2014.

<span class="mw-page-title-main">TV5 Network</span> Filipino media company

TV5 Network Inc., commonly known as TV5, is a Philippine media company based in Mandaluyong. It is primarily involved in radio and television broadcasting, with subsidiaries and affiliates dealing in various media related businesses. TV5 is owned by MediaQuest Holdings, an investee company of Philippine telecommunications giant PLDT, through its Beneficial Trust Fund, and headed by business tycoon Manuel V. Pangilinan.

Jollibee Foods Corporation is a Filipino multinational company based in Pasig, Metro Manila, Philippines. JFC is the owner of the fast food brand Jollibee.

Carlo Joaquin Tadeo López Katigbak is a Filipino executive and the current president and CEO of Philippine entertainment and giant media conglomerate, ABS-CBN Corporation.

Martin "Mark" Lagdameo Lopez is the chairman of ABS-CBN Corporation, the largest entertainment and media conglomerate in the Philippines, with investments primarily in television, radio, cable telecommunications, and film production.

References

  1. "Archived copy" (PDF). Archived from the original (PDF) on May 21, 2013. Retrieved February 25, 2012.{{cite web}}: CS1 maint: archived copy as title (link)
  2. "Lopez says wants out of Meralco". Reuters. May 8, 2008. Retrieved August 20, 2020.
  3. "PLDT buys 20% Lopez stake in Meralco". The Philippine Star. March 14, 2009. Retrieved August 20, 2020.
  4. "Metro Pacific, Piltel to form holding firm for Meralco shares". GMA News. February 8, 2010. Retrieved August 20, 2020.
  5. dela Pena, Zinnia (February 1, 2012). "Lopez completes sale of 2.66% Meralco stake". The Philippine Star. Retrieved July 18, 2020.
  6. "Meralco letting go of 51% stake in Rockwell Land". Archived from the original on April 27, 2012. Retrieved May 13, 2012.
  7. "Terraprime - About TerraPrime". archive.ph. June 29, 2013. Archived from the original on June 29, 2013. Retrieved October 26, 2021.

Sources

  1. The Lopez Family: its Origins and Genealogy, edited and introduced by Oscar M. Lopez lopez-museum.org
  2. Phoenix: The Saga of the Lopez Family by Raul Rodrigo
  3. The Power and the Glory: the story of the Manila Chronicle 1945-1998
  4. Lopez Holdings Corporation, official corporate website
  5. Lopez Family Values -- Philanthropy in the Philippines as published in The Synergos Institute's Global Giving Matters
  6. Lopez Link, the monthly newsletter of the Lopez Group of companies

Further reading