{"id":98790,"date":"2017-04-18T03:50:34","date_gmt":"2017-04-18T07:50:34","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=98790"},"modified":"2017-04-18T03:50:34","modified_gmt":"2017-04-18T07:50:34","slug":"gt-capital-raises-stake-in-metrobank-for-php24-72-b","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/04\/18\/gt-capital-raises-stake-in-metrobank-for-php24-72-b\/","title":{"rendered":"GT Capital raises stake in Metrobank for PHP24.72-B"},"content":{"rendered":"<figure id=\"attachment_98791\" aria-describedby=\"caption-attachment-98791\" style=\"width: 180px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/11951979_1056666004353210_2856992107549983303_n.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-98791\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/11951979_1056666004353210_2856992107549983303_n.png\" alt=\"GT Capital Holdings, Inc. is increasing its ownership in Metropolitan Bank &amp; Trust Company (Metrobank) for an estimated PHP24.72 billion. (Photo: Metrobank\/Facebook)\" width=\"180\" height=\"180\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/11951979_1056666004353210_2856992107549983303_n.png 180w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/04\/11951979_1056666004353210_2856992107549983303_n-150x150.png 150w\" sizes=\"auto, (max-width: 180px) 100vw, 180px\" \/><\/a><figcaption id=\"caption-attachment-98791\" class=\"wp-caption-text\">GT Capital Holdings, Inc. is increasing its ownership in Metropolitan Bank &amp; Trust Company (Metrobank) for an estimated PHP24.72 billion. (Photo: <a href=\"https:\/\/www.facebook.com\/metrobankPH\/photos\/a.1056662787686865.1073741827.1055736311112846\/1056666004353210\/?type=1&amp;theater\">Metrobank\/Facebook<\/a>)<\/figcaption><\/figure>\n<p>MANILA\u2014GT Capital Holdings, Inc. is increasing its ownership in Metropolitan Bank &amp; Trust Company (Metrobank) for an estimated PHP24.72 billion.<\/p>\n<p>In a disclosure to the Philippine Stock Exchange (PSE) Tuesday, the two companies signed a memorandum of agreement, wherein GT Capital is acquiring 306 million secondary shares of Metrobank held by various Ty family-owned companies.<\/p>\n<p>This will bring GT Capital\u2019s stake in Metrobank to 306.092 percent, up 9.622 percent from its current share of 26.47 percent.<\/p>\n<p>The acquisition deal is still subject to regulatory approvals.<\/p>\n<p>\u201cThere are several advantages to GT Capital\u2019s increased ownership in Metrobank. First of all, it enables GT Capital to benefit from a more balanced income contribution from its investments. This will also be accretive to our earnings per share,\u201d GT Capital president Carmelo Maria Luza Bautista said.<\/p>\n<p>\u201cFurthermore, the additional Metrobank shares put us at par with our peer conglomerates with respect to the percentage ownership of our banking subsidiaries and affiliates.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014GT Capital Holdings, Inc. is increasing its ownership in Metropolitan Bank &amp; Trust Company (Metrobank) for an estimated PHP24.72 billion. &hellip;<\/p>\n","protected":false},"author":33,"featured_media":98791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[18061,18062],"class_list":["post-98790","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-gt-capital-holdings","tag-metropolitan-bank-trust-company","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/98790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=98790"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/98790\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/98791"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=98790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=98790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=98790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}