It looks like the long-standing feud and family drama within the Lopez family are finally coming to a close or reaching a major turning point. According to reports, family members allied with former ABS-CBN boss Gabby Lopez III are preparing to sell their massive share in the family's main holding company, Lopez Inc.
A Super Billionaire is Making a Move
Rumors from the inside reveal that one of the richest and most powerful billionaires in the Philippines is close to finalizing a deal to buy a 70.83% share in Lopez Inc. The price tag? An astounding ₱45 billion!
Here are the groups selling their shares:
- Mantes Holdings Corp. (29.17%): Includes the camp of Manuel Lopez Jr., Miguel Lopez, Martin Lopez, and Maita Lopez-Lichauco.
- Crème Investment Corp. (25.68%): Includes Gabby Lopez, Maria Rosario Lopez, Rafael Lopez, and other family members.
- Presta Holdings Co. Inc. (15.98%): Headed by Lauro Pangilinan III, Maria Eugenia Brown, and the Psinakis family.
Who is Left Out?
The only group sitting out of the sale is Croslo Holdings Corp., which holds the remaining 29.17%. They represent the branch of the late Oscar Lopez Jr., which includes Federico "Piki" Lopez along with their siblings and cousins.
What Happens If This Pushes Through?
Lopez Inc. sits right at the very top of the entire Lopez family business empire. This means that if this mystery billionaire successfully buys it, they will also gain control over:
- ABS-CBN (the popular media network)
- First Gen and First Philippine Holdings (power and energy companies)
- Rockwell Land (well-known real estate and malls)
Simply put, this is a massive shift in Philippine business history if this agreement pushes through!
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