The listed holding company, with interests in power, banking, food and infrastructure, is more than doubling its capital spending in 2024 to 153 billion pesos ($2.6 billion). About half will be used to build a solar power plant and a wind farm while roughly a quarter will go to AEV’s headline-grabbing $1.8 billion acquisition of Coca-Cola Beverages Philippines in partnership with Coca-Cola Europacific Partners, completed in February. AEV will also break ground on a fourth industrial estate.
AEV’s banking unit, UnionBank of the Philippines recently announced that Sabin’s niece, Ana Maria Aboitiz Delgado, will take charge as president and CEO from January 2025.
Following the onslaught of Super Typhoon Carina, the Aboitiz Group and Aboitiz Foundation immediately mobilized the resources and manpower of various Aboitiz business units to provide assistance to affected communities in the National Capital Region (NCR) and the Cordillera Administrative Region (CAR).
AboitizPower subsidiary Therma Mobile, Inc. and Aboitiz Foundation donated groceries and rice to 2,247 families in Navotas and Malabon, which experienced heavy flooding at the height of the typhoon.
Read more here: https://aboitiz.com/aboitiz-group-sends-aid-to-areas-hit-by-typhoon-carina-in-ncr-cordillera/