MANILA, Philippines — International funding agency The Capital Group Firms Inc. (CGC) has acquired a 5 % stake in Gokongwei-led meals and beverage agency Common Robina Corp. (URC).
A disclosure by the group, via its secretary Christopher Burt, stated CGC administration firms have bought 108.11 million shares in URC equal to five.05 %.
The shares had been bought between Could 2, 2025 and Could 20, 2025 at a worth starting from P84.09 to P92.46 per share.
A complete of 107.36 million shares, or 5.02 %, had been purchased by Capital Analysis and Administration Co. (CRMC), whereas Capital Worldwide Sarl bought 749,450 shares, or 0.03 %.
CGC is the mum or dad firm of CRMC, a US-based funding firm that serves as funding supervisor to the American Funds household of mutual funds, different pooled funding autos and particular person and institutional purchasers.
CRMC is the mum or dad firm of Capital Group Worldwide Inc., which in flip is the mum or dad agency of six funding administration firms together with Capital Worldwide Sarl.
“Of their capability as funding advisers, the next CGC administration firms have funding and/or voting discretion within the widespread inventory of Common Robina Corp.,” the group stated.
“Neither CGC nor any of its associates personal shares of the issuer for its account. Relatively, the shares reported are owned by accounts beneath the discretionary funding administration of a number of of the funding administration firms that make up CGC,” it stated.
As of end-2024, Capital Group manages over $2.8 trillion in fairness and fixed-income property for tens of millions of people and institutional traders worldwide.
Within the Philippines, URC produces iconic manufacturers reminiscent of Nice Style, C2 Cool & Clear, Piattos, Maxx sweet and Cream-O cookies, which have been a part of Filipinos’ lives for many years.
As one of many nation’s largest meals and beverage producers, URC additionally has a major and rising presence in ASEAN.