Money

Montxu Aboitiz snaps up Union Bank shares

Erramon “Montxu” I. Aboitiz is buulding up his personal shares in Union Bank of the Philippines after retiring as president and CEO of Aboitiz Equity ventures in January 2020.

Aboitiz bought P4 million worth of Union Bank shares on July 30 at P52.95 per share or 17 percent below the bank’s 2020 peak of P62.50.

The purchase increased his Union Bank stake to 12.732 million shares or 3.5 percent more than his 12.318 million shares held as of January 2020.

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