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Industry

The Pos and Gokongweis Buy Out Singapore Group's Stake in Shakey's for P2.68 Billion

The Pos’ Century Pacific Group and the Gokongweis’ JE Holdings have increased their ownership stake in the company that owns not just Shakey's but Potato Corner and several other food brands.

Companies controlled by the Po and Gokongwei families have bought out the stake in listed food company Shakey's owned by Singapore's sovereign wealth fund GIC for a total of P2.68 billion. Of the 283 million shares held by GIC ...

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