FEU to acquire majority stake in Bataan college - BusinessWorld Online

FEU to acquire majority stake in Bataan college - BusinessWorld Online

LISTED educational institution Far Eastern University, Inc. (FEU) has entered into a memorandum of agreement with Bataan Peninsula Educational Institution, Inc. (BPEII) to purchase 76.92% of the land where BPEII operates for P50 million. In a regulatory filing on Monday, FEU said the agreement also includes its subscription to 39,500 shares in BPEII for P106 million. “FEU and the other landowners will subsequently transfer the land in exchange f…

Philippines: Far Eastern University acquires majority stake in Bataan school

Far Eastern University is acquiring control of Bataan Peninsula Educational Institution.