FEU, Unilab poised to buy Pampanga college for P600m

  • 📰 MlaStandard
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 55%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Defining the News

Far Eastern University Inc. is teaming up with United Laboratories Inc. Group , the country’s largest pharmaceutical company owned by the Campos family to acquire a school in San Fernando, Pampanga.

Under the agreement, FEU and MGHI will each invest up to P300 million in Higher Academia Inc. for a total equity of P600 million. “No definitive agreement has been signed pending finalization of the documentation, discussions and the conduct of due diligence,” FEU said. “On the overall economy, the group maintains a conservative outlook. With this, the management will continue to be prudent in the implementation of its operations, investment, and business continuity plans, both at the corporate and the academic levels, to mitigate any foreseen negative impacts on the overall operations,” FEU said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FEU, Unilab unit to buy assets of Pampanga private schoolFEU and a Unilab unit are set to buy a school in Pampanga.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Save Pampanga RiverSunStar Publishing Inc.
Source: sunstaronline - 🏆 18. / 59 Read more »

After paying for agrarian reform lots, Pampanga folk lose land to developerAngeles City Mayor Carmelo Lazatin Jr. eyes expropriation of the disputed land for residents and seeks the intercession of President Ferdinand Marcos Jr.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

3 arestado sa Pampanga dahil sa 'black dollar scam'Arestado ng NBI sa Pampanga ang dalawang taga-Cameroon at Nigeria dahil sa umano'y pagbebenta ng mga pekeng US dollars.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

UAAP: FEU women rout UST, rise to No. 1 in chessFar Eastern University has claimed the solo lead in the UAAP Season 86 women's chess championships.
Source: ABSCBNNews - 🏆 5. / 83 Read more »

UAAP: Adamson women clobber FEU for back-to-back winsAdamson University scored its first winning streak in the UAAP Season 86 women's basketball tournament on Wednesday on their home floor.
Source: ABSCBNNews - 🏆 5. / 83 Read more »