Philippine Billionaire Ramon Ang Buys Stake In Lopez Family’s Energy, Media Group
Philippine billionaire Ramon Ang has acquired a 25.7% stake in the Lopez family's holding company, Lopez Inc. This move integrates Ang into a conglomerate with significant interests in energy, media, and real estate.
Why it matters
The investment marks a significant shift in the ownership structure of one of the Philippines' oldest and most influential business dynasties.
--:-- / --:-- This voice experience is generated by AI. Learn more . This voice experience is generated by AI. Learn more . Ramon Ang, chairman and CEO of San Miguel Jinggo Montenejo for Forbes Asia Billionaire Ramon Ang —the controlling shareholder of Philippine infrastructure and brewery giant San Miguel —has in his personal capacity acquired a quarter of Lopez Inc., a private holding company that has interests in energy, media and real estate. Ang, who is chairman and CEO of San Miguel, acquired 25.7% of Lopez Inc. from one of the branches of the family, the tycoon and Eugenio Lopez III said in a joint statement, without giving the value of the transaction. The Lopez family’s business empire includes energy venture First Philippine Holdings, property developer Rockwell Land and ABS-CBN Broadcasting, once a Philippine media giant.
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