Business

Sabin jacks up stake in Aboitiz Equity Ventures

Bilyonaryo Sabin Aboitiz is bullish on the prospects of his family’s diversified holding firm, Aboiti Equity Ventures (AEV).

The AEV president and CEO bought close to P2 million worth of shares in AEV last October 13.

Aboitiz acquired 500,001 shares at P3.42 apiece which raised his personal stake in AEV to 25.897 million shares or P1.112 billion at current market prices.

Sabin took over from his older brother, Erramon, 10 months ago. Sabin has been with AEV for the last 33 years.

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