First Philippine Holdings Corporation Sells Rockwell Land Stake for ₱15.92 Billion
What happened
First Philippine Holdings Corporation announced the sale of its controlling stake in Rockwell Land to Crème Investment Corporation, a firm associated with Eugenio Lopez III, for ₱15.92 billion. The sale, announced on November 12, 2026, transferred the controlling stake previously held by Federico Lopez's First Philippine Holdings Corporation. Manuel Lopez's children will remain minority owners at Rockwell Land despite the change in ownership.
From rappler.com
Why it matters
The transaction shifts the ownership and control of Rockwell Land from First Philippine Holdings Corporation to Crème Investment Corporation. This sale represents a significant divestment of a major asset by First Philippine Holdings Corporation.
First Philippine Holdings Corp. is seeking clarification on SEC guidance, and the Lopez Group is involved in a Mandaluyong court case.
From rappler.com
Who's involved
- First Philippine Holdings CorporationSold its controlling stake in Rockwell Land for ₱15.92 billion
- LopezAssociated with the firm that purchased the controlling stake in Rockwell Land
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
-
First Philippine Holdings Corporation
Philippine management and investment company
Nothing else this week.
- Lopez