Is Henry Sy eyeing investments in rival Gokongwei?
BDO’s top investment banker has been spotted blending in with the JG Summit crowd.
Bilyonaryos Henry Sy and John Gokongwei may finally be warming up to each other despite the strong competition between the two conglomerates.
Victor Agustin wrote in his column that BDO Capital president Eduardo Francisco joined the annual stockholders’ meeting of JG Summit last Monday, May 28. Francisco’s presence really turned heads as the crowd listened to chief executive officer Lance Gokongwei discuss business strategies for 2018.
“When a nosy journalist asked him, ‘What are you doing here’ (translation: what deals are you cooking here?). Francisco smiled and gave a non-responsive answer, ‘I am friends with everybody,’ before beating a hasty retreat,” Agustin wrote on Money-Go-Round.
This crossover is a major game-changer if it pushes through. Stay tuned!