Danel Aboitiz buys P8 million Aboitiz Power shares amid slide
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Danel Aboitiz buys P8 million Aboitiz Power shares amid slide

Bilyonaryo Danel Aboitiz took advantage of the recent slump in the family’s power unit to increase his stake in the company.

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Aboitiz acquired 250,000 Aboitiz Power (AP) shares at P32.50 each on May 5.

AP has fallen 12 percent after nearing its 52-week high of P37.45 last April.

The AP director increased his stake in the company to P250 million.

 

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