Bilyonaryo scoop confirmed: RSA drives into BMW PH franchise, sets buyout of Alvarez
Bilyonaryo Ramon S. Ang revealed that he would soon be a part owner of the BMW’s Philippine dealership franchise.
Ang said he was in talks with Bilyonaryo Pepito Alvarez for a stake in the latter’s Asian Carmakers Corp. which sells BMW vehicles in the country.
In an interview with reporters, Ang said: ”Don Pepito and [San Miguel] Chairman Eduardo ‘Danding’ Cojuanco are very close. And he [Don Pepito] invited me. I am going to be a director this coming month [June] and an investor also.
“I am sure I will become a director and a shareholder. But how much will be my stake is, I don’t know yet.”
Bilyonaryo was the first to come out with this story on March 14, 2017.