Erramon Aboitiz buying up Union Bank shares
Union Bank of the Philippines director Erramon Aboitiz bought P181.7 million worth of the bank’s shares last month, according to filings with the stock exchange.
Abotiz, president and CEO of Aboitiz Equity Ventures Inc., purchased 2.09 million UBP shares at P86.92 each on Nov. 24.
He now owns 9.56 million UBP shares following the transaction.
UBP closed at P87 Friday.