Lucio Tan PAL

Lucio Tan Takes Back Full Control Of PAL

by in Categories Business

The group of Lucio Tan had sealed a deal with San Miguel Corporation to buy back the Philippine Airlines (PAL). The deal was done Tuesday, September 9, 2014. Lucio Tan is a Chinese-Filipino businessman. His interests are in banking, airline, tobacco, liquor and the real estate industries. He is known to be one of the … Read more

San Miguel Corp. to Take Over Philippine Air Lines (PAL)

by in Categories Business, News

One of the Philippines leading business tycoon Lucio Tan, has reportedly sold his remaining shares in the country’s flagship air carrier, Philipppine Air Lines which leaves conglomerate San Miguel Corp. full control. According to a news report from Philippine Daily Inquirer, San Miguel bought Lucio Tan’s 51% stake of the Philippine airlines, with the deal … Read more