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Cosco absorbs Da Vinci Capital into wine, liquor business

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ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2021/sports/02/22/cosco-capital-logo.jpg"/><figcaption>Cosco Capital Inc logo. Photo from Philippine Stock Exchange</figcaption></figure></div>MANILA - Cosco Capital Inc and Da Vinci Capital Holdings Inc (DAVIN) -- both owned by businessman Lucio Co -- are entering a share swap deal that will integrate DAVIN into Cosco&#x27;s wine and liquor business.Both firms said their respective board of directors approved the share swap deal on Monday.Under the deal, Cosco will acquire a controlling interest in DAVIN.DAVIN, in turn, will acquire 100-percent ownership in Cosco&#x27;s three wine and liquor units.DAVIN, a shell company with no operations, will now hold and control Cosco&#x27;s subsidiaries.

Cosco Capital Inc and Da Vinci Capital Holdings Inc (DAVIN) -- both owned by businessman Lucio Co -- are entering a share swap deal that will integrate DAVIN into Cosco's wine and liquor business.

Cosco Capital Inc and Da Vinci Capital Holdings Inc (DAVIN) -- both owned by businessman Lucio Co -- are entering a share swap deal that will integrate DAVIN into Cosco's wine and liquor business.