Aboitiz Equity Ventures

Last updated

Aboitiz Equity Ventures Inc.
FormerlyCebu Pan Asian Holdings
Company type Public
PSE:  AEV
FoundedSeptember 11, 1989;35 years ago (1989-09-11)
Headquarters32nd Street. Bonifacio Global City, Taguig City. 1634 Metro Manila, Philippines,
Philippines
Key people
Revenue₱310.62 Billion PHP (2023)
₱23.55 Billion PHP (2023)
Total assets ₱833.88 Billion PHP (2023)
Number of employees
235
Website aboitiz.com

Aboitiz Equity Ventures Inc. (AEV) is a Philippine holding company based in Metro Manila, [1] with roots from Cebu City. [2] The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Science and Artificial Intelligence. [3] In 2017, the company was ranked 1793rd on the Forbes Global 2000. [4] In 2022, AEV ventured into transforming its organization into a "Techglomerate" - a faster, stronger, and better version of a conglomerate. [5] A techglomerate can refer to a startup tech company that has grown into a conglomerate or a legacy conglomerate that has used technology and startup culture to radically transform the way it behaves and operates. AEV is the latter of the two. [6]

Contents

History

The company was founded on September 11, 1989, as Cebu Pan Asian Holdings; the name was changed to the current designation in 1993. [7] The company went public on November 16, 1994. [8]

Business Units

Power

Aboitiz Power Corporation is a holding company engaged in power distribution, generation, and retail electricity services. It owns Davao Light and Power Company in Davao City, Cotabato Light and Power Company in Cotabato City, Visayan Electric Company in Metro Cebu, the Mariveles Coal-Fired Power Plant in Mariveles, Bataan, Therma South, Inc. Coal Fired Power Plant in Davao City, and Therma Visayas, Inc. Coal Fired Power Plant in Toledo, Cebu [9]

Banking and Financial Services

Food and Beverage

The Food Group, composed of Pilmico Foods Corporation (Pilmico) and Gold Coin Management Holdings, Ltd. (Gold Coin), is the integrated agribusiness and food company of the Aboitiz Group. Pilmico is a leader in operating efficiency, manufacturing flour and wheat by-products in the Philippines. It has also been a strong player in animal feeds and swine production since establishing these businesses in the late 1990s. Meanwhile, Gold Coin is manufacturing animal feed in Asia. [10]

On February 23, 2024, the company announced that it has jointly acquired Coca-Cola Beverages Philippines Inc. together with Coca-Cola Europacific Partners (CCEP) for $1.8 billion on a debt-free, cash-free basis. It will hold a 40% stake, while CCEP will take up the remaining 60% stake. [11] [12]

Infrastructure

Aboitiz InfraCapital Inc. undertakes all infrastructure and infrastructure-related investments of the Aboitiz Group.

Land

AboitizLand, Inc. (Aboitiz Land) is the real estate arm of Aboitiz Group, engaging in the design and development of communities for residential use. Rafael Fernandez de Mesa, head of Economic Estates at Aboitiz InfraCapital, is the new Chief executive officer of Aboitiz Land Inc. effective January 1, 2025, succeeding David Rafael. [18]

Data Science and Artificial Intelligence

Aboitiz Data Innovation is the Data Science and Artificial Intelligence arm of the Aboitiz Group. [19]

Related Research Articles

<span class="mw-page-title-main">San Miguel Corporation</span> Philippine multinational conglomerate

San Miguel Corporation, abbreviated as SMC, is a Philippine multinational conglomerate with headquarters in Mandaluyong, Metro Manila. The company is one of the largest and most diversified conglomerates in the Philippines. Originally founded in 1890 as a brewery, San Miguel has ventured beyond its core business, with investments in various sectors such as food and drink, finance, infrastructure, oil and energy, transportation, and real estate.

<span class="mw-page-title-main">Balamban</span> Municipality in Cebu, Philippines

Balamban, officially the Municipality of Balamban, is a municipality in the province of Cebu, Philippines. According to the 2020 census, it has a population of 95,136 people.

<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 in various sectors, mostly in 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">Laguindingan Airport</span> Commercial airport serving Cagayan de Oro, Misamis Oriental, Philippines

Laguindingan Airport, also referred to as Laguindingan International Airport, is an international airport in Northern Mindanao that serves the cities of Cagayan de Oro, Iligan and Marawi, as well as the provinces of Misamis Oriental, Lanao del Norte and Bukidnon in the Philippines. The airport is Mindanao's second-busiest airport after Francisco Bangoy International Airport in Davao City.

<span class="mw-page-title-main">Jon Ramon Aboitiz</span> Filipino businessman

Jon Ramon Melendez Aboitiz was a Filipino businessman, and president of the Aboitiz & Company Inc. (ACO) and Aboitiz Equity Ventures (AEV), part of the Aboitiz Group.

<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.

<span class="mw-page-title-main">2GO (cargo airline)</span> Airline of the Philippines

2GO Air is a logistics and supply chain cargo airline based in Parañaque, Philippines. It operates bulk cargo and express parcel services throughout the Philippines. Its main base is Ninoy Aquino International Airport, Manila. 2GO is operated by the Aboitiz Air Transport Corporation the transport and logistics company owned by Aboitiz Equity Ventures.

The PSE All Shares Index is the stock index in the Philippine Stock Exchange (PSE) in which all of the stocks traded are included in computations of the level of the index. It should not be confused with the PSE Composite Index which is a weighted index of 30 of the top companies on the PSE.

<span class="mw-page-title-main">Bohol–Panglao International Airport</span> Airport serving Tagbilaran, Philippines

Bohol–Panglao International Airport — also known as New Bohol International Airport or Panglao Island Airport — is an international airport on Panglao Island in the province of Bohol, Philippines. The airport opened on November 28, 2018 after decades of planning and three years of construction, replacing Tagbilaran Airport to support Bohol's increased passenger traffic due to tourism. The airport serves as the gateway to Tagbilaran and the rest of mainland Bohol for domestic air travellers. It also is less than an hour's flight from Mactan–Cebu International Airport, which is a gateway to central Philippines for international tourists.

<span class="mw-page-title-main">Metro Davao</span> Metropolitan area in the Philippines

Metro Davao, officially Metropolitan Davao, is a metropolitan area in Mindanao, Philippines. It includes the cities of Davao, Digos, Mati, Panabo, Samal and Tagum and spanned parts of all five provinces of the Davao Region. Metro Davao is one of three metropolitan areas in the Philippines. It is administered by the Metropolitan Davao Development Authority. It is the largest metropolitan region by land area and the second most populous in the Philippines.

<span class="mw-page-title-main">Aboitiz Football Cup</span> Football tournament

The Aboitiz Football Cup is an annual football tournament held in the Philippines. This year, Aboitiz Football Cup Season 24 launched with an exciting kickoff on September 14, 2024, at the Dynamic Herb-Borromeo Sports Complex in Talisay, Cebu. This season, 110 teams are competing in the country’s longest-running grassroots football tournament, emphasizing both competitive excellence and camaraderie. Notably, this year introduces a new sustainability dimension with the Wasteless Campaign in collaboration with Coca-Cola Beverages Philippines, Inc. (CCBPI), promoting the "Tapon to Ipon: Basta Klaro, Panalo!" initiative. This campaign encourages the recycling of clear PET plastic bottles at designated drop-off points, aligning with Aboitiz’s commitment to environmental stewardship.

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

Metro Pacific Investments Corporation (MPIC) is a Philippine 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.

Coca-Cola Beverages Philippines, Inc. is a Philippine-based company engaged in the bottling and distribution of Coca-Cola products in the country. CCBPI is part of the Bottling Investment Group (BIG), The Coca-Cola Company (TCCC)-owned bottling operation intent on building a foundation for long-term success. BIG's operations are primarily focused on markets in Southeast Asia, India, and Southwest Asia, covering 14 countries with 39 plants and 16,500 employees, serving 1.8 billion consumers.

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 and Top 1000 Corporations in the Philippines: Capturing the Big Picture of the Country’s corporate scene cited by BusinessWorld.

<span class="mw-page-title-main">2GO Group</span> Filipino ferry company

2GO Group Inc., also known simply as 2GO is a Philippines-based transportation and logistics company operating a fleet of inter-island passenger ferries and cargo ships. The top two principal shareholders of the 2GO Group are SM Investments Corp, and Trident Investments.

<span class="mw-page-title-main">Coca-Cola Europacific Partners</span> British multinational bottling company

Coca-Cola Europacific Partners plc (CCEP), formerly Coca-Cola European Partners (2016–2021); and Coca-Cola Amatil (1904–2021), is a British-American company formed as a result of the combination of the three main bottling companies for The Coca-Cola Company in Western Europe: Coca-Cola Enterprises, Coca-Cola Iberian Partners, S.A. and Coca-Cola Erfrischungsgetränke AG, and one bottling company in Asia-Pacific: Coca-Cola Amatil. The multinational bottling company involved in the marketing, production, and distribution of Coca-Cola products and other drinks such as Capri-Sun, Monster and Relentless.

<span class="mw-page-title-main">Vicente Duterte</span> Filipino politician and lawyer

Vicente Gonzales Duterte, also known by his nicknames Nene and Teti, was a Filipino politician and lawyer. He became Governor of the then-unified province of Davao, succeeding Alejandro Almendras who was elected Senator.

<span class="mw-page-title-main">Mactan–Cebu International Airport</span> Commercial airport located on Mactan Island, Philippines

Mactan–Cebu International Airport (MCIA) is the main international airport serving Metro Cebu and serves as the main gateway to the Central Visayas region in the Philippines. Located on a 797-hectare (1,970-acre) site in Lapu-Lapu City on Mactan, it is the second busiest airport in the Philippines. Opened on April 27, 1966, the airport serves as a hub for Philippine Airlines, and as an operating base for Cebu Pacific, Philippines AirAsia, and Sunlight Air.

<span class="mw-page-title-main">Aboitiz Power</span>

Aboitiz Power Corporation also known as AboitizPower (AP), a subsidiary of Aboitiz Equity Ventures (AEV), is a holding company engaged in power distribution, generation and retail electricity services.

Tari Estate is a special economic zone in Tarlac City, Philippines associated with Aboitiz Equity Ventures, a Filipino conglomerate. It spans 200 hectares.

References

  1. ↑ "Aboitiz | Contact Us". aboitiz.com. Retrieved December 5, 2022.
  2. ↑ "Aboitiz Equity Ventures, Inc.: Private Company Information". Bloomberg. Retrieved December 17, 2017.
  3. ↑ "Aboitiz | Aboitiz Equity Ventures Inc". aboitiz.com. Retrieved December 5, 2022.
  4. ↑ "The World's Biggest Public Companies List". Forbes.com. May 24, 2017. Retrieved December 16, 2017.
  5. ↑ Neil (July 26, 2022). "The birth of the Philippine 'techglomerate'". BusinessWorld Online. Retrieved December 6, 2022.
  6. ↑ "Techglomerate In The Philippines". Aboitiz. Retrieved December 6, 2022.
  7. ↑ Resil B. Mojares (1998). Aboitiz: Family & Firm in the Philippines. Aboitiz & Company. ISBN   978-971-91903-0-1.
  8. ↑ Asiamoney. Euromoney Publications. 1996.
  9. ↑ "Aboitiz Power - Clean Energy and Green Living - Home Page". Aboitiz Power. Retrieved May 9, 2019.
  10. ↑ "Aboitiz | Aboitiz Equity Ventures Inc". aboitiz.com. Retrieved December 7, 2022.
  11. ↑ Cordero, Ted (February 23, 2024). "Aboitiz, CCEP complete $1.8 billion Coca-Cola Beverages PH acquisition". GMA News. Retrieved February 23, 2024.
  12. ↑ Camus, Miguel (February 23, 2024). "Aboitiz buys 40% of Coca-Cola PH". Philippine Daily Inquirer. Retrieved February 23, 2024.
  13. ↑ "Water Infrastructure Philippines". Aboitiz InfraCapital. Retrieved December 5, 2022.
  14. ↑ "Economic Estates". Aboitiz InfraCapital. Retrieved December 5, 2022.
  15. ↑ Crismundo, Kris (May 7, 2024). "Aboitiz unit investing P7-B for Tarlac ecozone". Philippine News Agency . Retrieved May 15, 2024.
  16. ↑ "Digital Infrastructure Philippines". Aboitiz InfraCapital. Retrieved December 5, 2022.
  17. 1 2 "Aboitiz group to pour $300 million into cement business". May 15, 2017. Retrieved December 17, 2017.
  18. ↑ "Fifth-gen Rafael Fernandez de Mesa to take charge as Aboitiz Land CEO in 2025". October 1, 2024. Retrieved October 2, 2024.
  19. ↑ "About Us". Aboitiz Data Innovation. Retrieved December 6, 2022.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.