BDO to take full ownership of Podium Complex after buyout of Keppel shares

ABS-CBN News

<p>MANILA — BDO Unibank said on Monday it would take full ownership of the Podium Complex in Mandaluyong after its board approved the acquisition of shares of its partners in the SM Keppel Land Inc (SMKL) joint venture. </p><p>This is in line with Keppel Philippines Properties Inc and Opon-KE Properties Inc&#x27;s decision to divest its investments in SMKL, which is responsible for developing, operating and managing the Podium Complex in Ortigas Center, BDO told the stock exchange.</p><p>BDO said it would acquire 217,910,000 common shares and 36,401,500 redeemable preferred shares of SMKL.</p><p>&quot;BDO Unibank Inc, as Keppel&#x27;s joint venture partner, has agreed to buy out Keppel&#x27;s 50 percent direct equity ownership in SMKL,&quot; the Sy-led group said.</p><p>&quot;By this acquisition, BDO will consolidate its ownership of the Podium Complex, presently 50 percent owned by SMKL,&quot; it added.</p><p>BDO said the complex consists of the BDO Corporate Center Ortigas, the West Tower and the Podium Mall.</p><p>Completion of the transaction is subject to approval by the Bangko Sentral ng Pilipinas and the Philippine Competition Commission.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/04/25/22/bdo-posts-p428-billion-net-income-in-2021">BDO posts P42.8 billion net income in 2021</a></li>	<li><a href="https://news.abs-cbn.com/business/02/27/23/bdo-posts-p571-billion-net-income-in-2022">BDO posts P57.1 billion net income in 2022</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=2011319" width="100%"></iframe></figure><div class="iwantbar">Watch more News on <a href="https://www.iwanttfc.com/#!/browse/Genres/News/tag_id_genres/id_news" target="_blank">iWantTFC</a></div>

BDO Unibank said on Monday it would take full ownership of the Podium Complex in Mandaluyong. 

BDO to take full ownership of Podium Complex after buyout of Keppel shares | ABS-CBN

Halalan 2025

Entertainment

News

Metro.Style

Lifestyle

Sports

More

Traffic

Horoscope

Business

BDO to take full ownership of Podium Complex after buyout of Keppel shares

BDO to take full ownership of Podium Complex after buyout of Keppel shares

ABS-CBN News

Published Mar 27, 2023 01:50 PM PHT

Read More:

Podium complex

Podium Mall

SMKL

Keppel Philippines Properties Inc

SM Keppel Land

mergers and acquisitions

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2025 ABS-CBN Corporation. All Rights Reserved.