PSE gains majority control of PDS

The Philippine Stock Exchange has signed a deal to buy an 8-percent stake in capital market infrastructure group PDS Holdings Corp. from IT provider Whistler Technologies Services Inc.

The agreement will allow the PSE to boost its interest in PDS to 52.78 percent. This was after earlier obtaining commitment from the Bankers Association of the Philippines and affiliate firms to cede their 23.8 percent stake.

The PSE agreed to acquire the 500,000 shares held by Whistler – formerly Computershare Technology Services Phils. Inc. – for P320 per share or for a total block price of P160 million.

This was in line with the adjusted equity value of P2 billion for 100 percent of PDS, …

Keep on reading: PSE gains majority control of PDS

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