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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