Lopez Holdings Corporation (formerly Benpres Holdings Corporation until July 5, 2010) is a Filipino conglomerate founded by the brothers Eugenio Lopez, Sr. and Fernando Lopez, Sr. It has substantial holdings in the public service and utilities sector in the Philippines and serves as the Lopez family's publicly listed holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; manufacturing; and property development. It added to its portfolio investments in other basic service sectors but has also since sold its interest in banking, toll roads, information technology, and health care delivery.
Sky Vision Corporation - is a holding company incorporated on March 25, 1991, with the primary purpose of owning controlling stocks on Sky Cable Corporation. It started commercial operations on February 1, 1992. It is owned 55% by ABS-CBN Corporation, 5% by Lopez Holdings Corporation and 40% by Sampaquita Communications Pte. Ltd.[1] Sky Cable acquired Destiny Cable in 2012.
Power and Energy
First Philippine Holdings Corporation (First Holdings) - a holding company whose core businesses are in power generation and distribution, with strategic initiatives[clarification needed] in manufacturing, property and infrastructure. Lopez holdings owns 46.6% of FPHC as of December 2011.
Power Generation
First Gen Corporation (First Gen) - is the holding company of First Holdings in power generation and energy-related businesses. First Holdings owns 76% of First Gen.
First Gas Holdings Corporation (FGHC) - established in 1994 as a joint-venture between First Holdings and the BG Group to develop natural gas projects in the Philippines using natural gas from the Malampaya gas field. FGHC is now a wholly owned subsidiary of First Gen acquiring the 40% interest of BG Group in 2012.
First Gas Power Corporation (FGPC) - established in 1994 as a joint-venture between First Holdings and the BG Group to operate a 1,000 MW combined cycle gas turbine power plant in Santa Rita, Batangas. In May 2012, First Gen acquired the 40% interest of the BG Group, making FGPC an indirect wholly owned subsidiary of First Gen.
FGP Corporation (FGP) - established in 1997 as a joint-venture between First Holdings and the BG Group to operate a 500 MW gas turbine combined cycle power plant in San Lorenzo, Batangas. In May 2012, First Gen acquired the 40% interest of the BG Group, making FGPC an indirect wholly owned subsidiary of First Gen.
FGP San Gabriel is a 420 MW combined cycle gas turbine plant which was established in 2016 as an indirect wholly owned subsidiary of First Gen.
FG Hydro Power Corporation - First Gen Hydro Power Corporation (FG Hydro) was incorporated as a wholly owned subsidiary of First Gen.
FG Bukidnon Power Corporation
First Gen Renewables, Inc. (FGRI), formerly known as First Philippine Energy Corporation, was established in 1978 to develop prospects in the renewable energy market. First Gen owns 100% of FGRI.
Energy Development Corporation - established in 1976,accounts for more than 60% of the country’s installed geothermal capacity. Its plants are located in the provinces of Leyte, Negros Oriental, Negros Occidental, Bicol and North Cotobato. In November 2007, First Gen Corporation bid for and won a 60-percent economic stake in EDC. As of 2011 First Gen owns over 46% of EDC.
Power Distribution
Manila Electric Company (Meralco) - acquired by the Lopez Group 1962 and developed into a power-distributing company. Between 2009 and 2012, the Lopez Group would reduce its 33.4% holdings in MERALCO by selling most of its shares to the First Pacific Group.[2][3][4] Since 2012, the Lopez Group's maintains a 3.95% interest (one board seat) in MERALCO.[5]
Panay Electric Company (PECO) - First Holdings entered into a joint venture with the Panay Electric Company, Inc. (PECO) in March 1996 for the construction of a US 72 million diesel-fired power plant in Iloilo City. First Holdings acquired a 30 percent equity in PECO. In turn, PECO subscribed to a 30 percent equity interest in Panay Power Corporation. First Holdings currently owns 30% of PECO.
Real estate
Rockwell Land Corporation (RLC) - a high-end real estate development corporation initially tasked to develop the Rockwell Center in Makati. Rockwell Land was established in 1995. FPHC now owns 85% of Rockwell Land after buying the shares of MPIC and SMC groups in Rockwell Land.[6]
First Philippine Industrial Park (FPIP) - a 315-hectare industrial estate. FPIP is a joint venture with Sumitomo Corporation of Japan which owns 30% while First Holdings owns 70%, formed in 1996 to develop an industrial park located in Sto. Tomas, Batangas.
First Philippine Realty Corp., formerly known as INAEC Development Corporation - primarily engaged in the acquisition, disposal, or lease of real and personal property. FPRC is a wholly-owned subsidiary of First Holdings.
TerraPrime Inc. - incorporated in May 2011 as a joint-venture between First Balfour and Estuar Development Corporation. The company is engaged in real estate development.[7]
Infrastructure
First Balfour, Inc. - is one of the country’s largest engineering and construction companies today, with 49 years in business. First Balfour, Inc. is a wholly owned subsidiary of First Philippine Holdings.
First Philippine Industrial Corp.- owns and operates the sole, largest commercial oil pipeline in the country, transporting crude and refined petroleum products from Batangas to Metro Manila. FPIC is 60% owned by First Holdings, in partnership with Shell Petroleum Co., Ltd. (UK) which owns 40%.
Bayan Telecommunications Holdings Corporation (Bayan Holdings) - owns Bayan Telecommunications, one of the telecommunications company in the Philippines providing a full range of services which includes local exchange, domestic long distance, international long distance, data and payphone services. As of May 2011, Lopez Holdings held 47.3% Bayan Holdings. In 2013, Ayala-led Globe Telecom took over 98% of BayanTel via a debt to equity deal.
Maynilad Water Services - joint-venture between Benpres Holdings Corporation and Ondeo Water Services, Inc. (formerly Suez Lyonnaise de Eaux). Benpres left the joint-venture in 2006 in order to settle a debt of US$150 million.
The Medical City - in April 2008, Benpres sold its entire 18% stake in The Medical City to Lombard for Php600 million.
Philippine Commercial International Bank (PCI Bank) - a joint venture between Benpres and the JG Summit Holdings. In 1999, both groups sold their shares in the bank to SSS and GSIS. The shares were later acquired by and merged with Equitable Bank and renamed Equitable PCI Bank. In 2005, the SM Group would acquire Equitable PCI Bank and merged in 2006 with Banco de Oro to be renamed BDO Unibank.
Notes
^Despite the name change in May 27, 2010, the name ABS-CBN Broadcasting Corporation is still used nowadays such as the sign-on and sign-off of main ABS-CBN terrestrial channel until June 26, 2012, at the end of credits of Maalaala Mo Kaya until late 2010s, and on some news articles that are related to the network and media conglomerate.
References
^(PDF). Archived from the original (PDF) on May 21, 2013. Retrieved February 25, 2012.{{cite web}}: CS1 maint: archived copy as title (link)
^"Lopez says wants out of Meralco". Reuters. May 8, 2008. Retrieved August 20, 2020.
^"PLDT buys 20% Lopez stake in Meralco". The Philippine Star. March 14, 2009. Retrieved August 20, 2020.
^"Metro Pacific, Piltel to form holding firm for Meralco shares". GMA News. February 8, 2010. Retrieved August 20, 2020.
^dela Pena, Zinnia (February 1, 2012). "Lopez completes sale of 2.66% Meralco stake". The Philippine Star. Retrieved July 18, 2020.
^. Archived from the original on April 27, 2012. Retrieved May 13, 2012.
^"Terraprime - About TerraPrime". archive.ph. June 29, 2013. Archived from the original on June 29, 2013. Retrieved October 26, 2021.
Sources
The Lopez Family: its Origins and Genealogy, edited and introduced by Oscar M. Lopez lopez-museum.org
Phoenix: The Saga of the Lopez Family by Raul Rodrigo
The Power and the Glory: the story of the Manila Chronicle 1945-1998
Lopez Holdings Corporation, official corporate website
Lopez Family Values -- Philanthropy in the Philippines as published in The Synergos Institute's Global Giving Matters
Lopez Link, the monthly newsletter of the Lopez Group of companies
Further reading
Oscar M. Lopez Timeline: Living life well
Oscar M. Lopez Show me the Numbers
International Association of Business Communicators (IABC) Philippines 2010 Lifetime Achievement Award in Communication Excellence in Organizations
The Lopez Family story: UNDAUNTED as seen through the eyes of Oscar M. Lopez
January 05, 2023
lopez, holdings, corporation, formerly, benpres, holdings, corporation, until, july, 2010, filipino, conglomerate, founded, brothers, eugenio, lopez, fernando, lopez, substantial, holdings, public, service, utilities, sector, philippines, serves, lopez, family. Lopez Holdings Corporation formerly Benpres Holdings Corporation until July 5 2010 is a Filipino conglomerate founded by the brothers Eugenio Lopez Sr and Fernando Lopez Sr It has substantial holdings in the public service and utilities sector in the Philippines and serves as the Lopez family s publicly listed holding company for investments in major development sectors such as broadcasting and cable telecommunications power generation and distribution manufacturing and property development It added to its portfolio investments in other basic service sectors but has also since sold its interest in banking toll roads information technology and health care delivery Lopez Holdings CorporationTypePublicIndustryVarious conglomerate FoundedJune 8 1993 29 years ago June 8 1993 FounderEugenio Lopez Sr and Fernando Lopez Sr Headquarters16 F North Tower Rockwell Business Center Sheridan Sheridan corner United Sts Bgy Highway Hills Mandaluyong Metro Manila PhilippinesKey peopleFederico R Lopez Chairman and Chief Executive Officer Martin L Lopez Vice Chairman Salvador Tirona President CCO and CFO RevenuePHP 107 28 billion 2020 Operating incomePHP 18 07 billion 2020 Net incomePHP 13 18 billion 2020 Total assetsPHP 397 97 billion 2020 Total equityPHP 201 02 billion 2020 ParentLopez Inc 54 44 SubsidiariesABS CBN CorporationSky Cable Corporation under ABS CBN Corporation MeralcoFirst Philippine Holdings CorporationFirst Gen Corporation First Philec Corporation First Philippine Industrial ParkRockwell Land CorporationWebsitelopezlink phwww lopez holdings phLopez Holdings Corporation is majority owned by Lopez Inc a private holding and investment entity of the Lopez family Contents 1 Businesses 1 1 Media and Telecommunications 1 2 Power and Energy 1 2 1 Power Generation 1 2 2 Power Distribution 1 3 Real estate 1 4 Infrastructure 1 5 Manufacturing 2 Other Businesses of the Lopez Group 3 Former Businesses 4 Notes 5 References 5 1 Sources 6 Further readingBusinesses EditThis article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources Lopez Holdings Corporation news newspapers books scholar JSTOR October 2021 Learn how and when to remove this template message Media and Telecommunications Edit ABS CBN Corporation formerly ABS CBN Broadcasting Corporation until May 27 2010 a a publicly listed company and the country s largest media conglomerate It is currently involved in broadcast radio television and new media as well as cable television Sky Cable Corporation Creative Programs Inc television programming Dreamscape Entertainment Star Creatives Television films Star Cinema Black Sheep Productions Skylight Films theater Teatro Kapamilya news ABS CBN News publishing ABS CBN Publishing talent agency Star Magic etc licensing radio TeleRadyo MOR Entertainment music Star Music Tarsier Records merchandise ABS CBN Store events and concerts ABS CBN Events Star Events Ktx ph streaming platforms iWantTFC digital media Kapamilya Online Live and websites news abs cbn com Its flagship television station ABS CBN temporarily replaced by Kapamilya Channel and ABS CBN as a broadcast syndication affiliated with blocktime channels A2Z under ZOE Broadcasting Network and other networks and platforms is the leading television network in the country and is available worldwide through The Filipino Channel Lopez Holdings owns 57 24 of ABS CBN Corporation as of 2014 Sky Vision Corporation is a holding company incorporated on March 25 1991 with the primary purpose of owning controlling stocks on Sky Cable Corporation It started commercial operations on February 1 1992 It is owned 55 by ABS CBN Corporation 5 by Lopez Holdings Corporation and 40 by Sampaquita Communications Pte Ltd 1 Sky Cable acquired Destiny Cable in 2012 Power and Energy Edit First Philippine Holdings Corporation First Holdings a holding company whose core businesses are in power generation and distribution with strategic initiatives clarification needed in manufacturing property and infrastructure Lopez holdings owns 46 6 of FPHC as of December 2011 Power Generation Edit First Gen Corporation First Gen is the holding company of First Holdings in power generation and energy related businesses First Holdings owns 76 of First Gen First Gas Holdings Corporation FGHC established in 1994 as a joint venture between First Holdings and the BG Group to develop natural gas projects in the Philippines using natural gas from the Malampaya gas field FGHC is now a wholly owned subsidiary of First Gen acquiring the 40 interest of BG Group in 2012 First Gas Power Corporation FGPC established in 1994 as a joint venture between First Holdings and the BG Group to operate a 1 000 MW combined cycle gas turbine power plant in Santa Rita Batangas In May 2012 First Gen acquired the 40 interest of the BG Group making FGPC an indirect wholly owned subsidiary of First Gen FGP Corporation FGP established in 1997 as a joint venture between First Holdings and the BG Group to operate a 500 MW gas turbine combined cycle power plant in San Lorenzo Batangas In May 2012 First Gen acquired the 40 interest of the BG Group making FGPC an indirect wholly owned subsidiary of First Gen FGP San Gabriel is a 420 MW combined cycle gas turbine plant which was established in 2016 as an indirect wholly owned subsidiary of First Gen FG Hydro Power Corporation First Gen Hydro Power Corporation FG Hydro was incorporated as a wholly owned subsidiary of First Gen FG Bukidnon Power Corporation First Gen Renewables Inc FGRI formerly known as First Philippine Energy Corporation was established in 1978 to develop prospects in the renewable energy market First Gen owns 100 of FGRI Energy Development Corporation established in 1976 accounts for more than 60 of the country s installed geothermal capacity Its plants are located in the provinces of Leyte Negros Oriental Negros Occidental Bicol and North Cotobato In November 2007 First Gen Corporation bid for and won a 60 percent economic stake in EDC As of 2011 First Gen owns over 46 of EDC Power Distribution Edit Manila Electric Company Meralco acquired by the Lopez Group 1962 and developed into a power distributing company Between 2009 and 2012 the Lopez Group would reduce its 33 4 holdings in MERALCO by selling most of its shares to the First Pacific Group 2 3 4 Since 2012 the Lopez Group s maintains a 3 95 interest one board seat in MERALCO 5 Panay Electric Company PECO First Holdings entered into a joint venture with the Panay Electric Company Inc PECO in March 1996 for the construction of a US 72 million diesel fired power plant in Iloilo City First Holdings acquired a 30 percent equity in PECO In turn PECO subscribed to a 30 percent equity interest in Panay Power Corporation First Holdings currently owns 30 of PECO Real estate Edit Rockwell Land Corporation RLC a high end real estate development corporation initially tasked to develop the Rockwell Center in Makati Rockwell Land was established in 1995 FPHC now owns 85 of Rockwell Land after buying the shares of MPIC and SMC groups in Rockwell Land 6 First Philippine Industrial Park FPIP a 315 hectare industrial estate FPIP is a joint venture with Sumitomo Corporation of Japan which owns 30 while First Holdings owns 70 formed in 1996 to develop an industrial park located in Sto Tomas Batangas First Philippine Realty Corp formerly known as INAEC Development Corporation primarily engaged in the acquisition disposal or lease of real and personal property FPRC is a wholly owned subsidiary of First Holdings TerraPrime Inc incorporated in May 2011 as a joint venture between First Balfour and Estuar Development Corporation The company is engaged in real estate development 7 Infrastructure Edit First Balfour Inc is one of the country s largest engineering and construction companies today with 49 years in business First Balfour Inc is a wholly owned subsidiary of First Philippine Holdings First Philippine Industrial Corp owns and operates the sole largest commercial oil pipeline in the country transporting crude and refined petroleum products from Batangas to Metro Manila FPIC is 60 owned by First Holdings in partnership with Shell Petroleum Co Ltd UK which owns 40 Manufacturing Edit First Philippine Electric Corp First Philec Philippine Electric Corporation Philec First Electro Dynamics Corporation FEDCOR First Philippine Power Systems Inc FPPS First Sumiden Circuits Inc FSCI First Sumiden Realty Inc First Philec Solar CorporationOther Businesses of the Lopez Group EditAsian Eye Institute Bayad Center Securities Transfer Services Inc STSI ADTEL INAEC Aviation CorporationFormer Businesses EditBayan Telecommunications Holdings Corporation Bayan Holdings owns Bayan Telecommunications one of the telecommunications company in the Philippines providing a full range of services which includes local exchange domestic long distance international long distance data and payphone services As of May 2011 Lopez Holdings held 47 3 Bayan Holdings In 2013 Ayala led Globe Telecom took over 98 of BayanTel via a debt to equity deal Maynilad Water Services joint venture between Benpres Holdings Corporation and Ondeo Water Services Inc formerly Suez Lyonnaise de Eaux Benpres left the joint venture in 2006 in order to settle a debt of US 150 million The Medical City in April 2008 Benpres sold its entire 18 stake in The Medical City to Lombard for Php600 million Tollways in 2008 First Philippine Infrastructure Development Corporation and NLEX Corporation were sold to Metro Pacific Investments Corporation Philippine Commercial International Bank PCI Bank a joint venture between Benpres and the JG Summit Holdings In 1999 both groups sold their shares in the bank to SSS and GSIS The shares were later acquired by and merged with Equitable Bank and renamed Equitable PCI Bank In 2005 the SM Group would acquire Equitable PCI Bank and merged in 2006 with Banco de Oro to be renamed BDO Unibank Notes Edit Despite the name change in May 27 2010 the name ABS CBN Broadcasting Corporation is still used nowadays such as the sign on and sign off of main ABS CBN terrestrial channel until June 26 2012 at the end of credits of Maalaala Mo Kaya until late 2010s and on some news articles that are related to the network and media conglomerate References Edit Archived copy PDF Archived from the original PDF on May 21 2013 Retrieved February 25 2012 a href Template Cite web html title Template Cite web cite web a CS1 maint archived copy as title link Lopez says wants out of Meralco Reuters May 8 2008 Retrieved August 20 2020 PLDT buys 20 Lopez stake in Meralco The Philippine Star March 14 2009 Retrieved August 20 2020 Metro Pacific Piltel to form holding firm for Meralco shares GMA News February 8 2010 Retrieved August 20 2020 dela Pena Zinnia February 1 2012 Lopez completes sale of 2 66 Meralco stake The Philippine Star Retrieved July 18 2020 Meralco letting go of 51 stake in Rockwell Land Archived from the original on April 27 2012 Retrieved May 13 2012 Terraprime About TerraPrime archive ph June 29 2013 Archived from the original on June 29 2013 Retrieved October 26 2021 Sources Edit The Lopez Family its Origins and Genealogy edited and introduced by Oscar M Lopez lopez museum org Phoenix The Saga of the Lopez Family by Raul Rodrigo The Power and the Glory the story of the Manila Chronicle 1945 1998 Lopez Holdings Corporation official corporate website Lopez Family Values Philanthropy in the Philippines as published in The Synergos Institute s Global Giving Matters Lopez Link the monthly newsletter of the Lopez Group of companiesFurther reading EditOscar M Lopez Timeline Living life well Oscar M Lopez Show me the Numbers International Association of Business Communicators IABC Philippines 2010 Lifetime Achievement Award in Communication Excellence in Organizations The Lopez Family story UNDAUNTED as seen through the eyes of Oscar M Lopez Retrieved from https en wikipedia org w index php title Lopez Holdings Corporation amp oldid 1127730686, wikipedia, wiki, book, books, library,
