KKR, a leading global investment firm, and PHINMA Education Holdings, Inc. (‘PHINMA Education’ or the ‘Company’), a leading private higher education group and the education arm of Filipino conglomerate PHINMA Corporation, today announced the signing of definitive agreements under which funds managed by KKR will invest in PHINMA Education, with participation from existing shareholder Kaizenvest.
PHINMA Corporation’s (“PHN”) subsidiary, Philcement Corporation (“Philcement”) signed today a Share Purchase Agreement with Petra Cement, Inc. (“Petra”). Philcement Mindanao Corporation, a subsidiary of Philcement, will pay a consideration of Php 500 million in exchange for 100% of the outstanding shares of Petra. The transaction is expected to be closed by December 31, 2024. This
PHINMA Corporation gathered its top executives and stakeholders to celebrate the Group’s 2023 successes and discuss its plans and projections for 2024 at this year’s Annual Shareholders’ Meeting, held last April 23, 2024, Tuesday, at The Fifth at Rockwell Events Hall, Makati City. “PHINMA reported consolidated revenues of 21.27 billion pesos, climbing 20% from the