MANILA  -The Po family solidified its control over Shakey's Pizza Asia Ventures, one of the country's biggest restaurant operators, with the Gokongwei family emerging as the company's second-biggest stockholder after their P2.7-billion buyout of Singapore's sovereign wealth fund GIC Private Ltd. Po's Century Pacific Group and Gokongwei-led JE Holdings Inc. acquired 283 million shares, or 16.8 percent of Shakey's Pizza, at 9.50 each from GIC affiliate Arran Investment Pte. Ltd. This increases Century's stake to 62 percent while JE Holdings will own 14.

https://business.inquirer.net/425683/singaporean-fund-exits-shakeys-ph

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