trending Market Intelligence /marketintelligence/en/news-insights/trending/ZPE7fLC6qZJa_OcZ-UyS-Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Report: Macquarie may invest US$50M in Philippine insurance sector

Blog

What’s on the Horizon for the Cruise, Hotel & Resorts Sector?

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally


Report: Macquarie may invest US$50M in Philippine insurance sector

MacquarieGroup Ltd. could potentially invest up to US$50 million in thePhilippines' insurance sector, ThePhilippine Star reported April 7, citing "sources close to the partiesinvolved."

The group is ready to make an initial US$50 millioninvestment, which will be used to either lend to or make a co-equity investmentwith foreign institutions looking for M&As in the country. It is currentlyassisting a number of financial firms interested in an acquisition.  

Emmanuel Dooc, head of the Philippines' InsuranceCommission, said Macquarie's assistance could result in two deals. So far, anumber of European investors have shown interest in entering the country'sinsurance sector, he added.