Rockwell Land plans to go public in 1st quarter 2008

By Elizabeth Sanchez-Lacson
Inquirer

MANILA, Philippines–Rockwell Land Corp., the real-estate arm of the Lopez Group, is eyeing an initial public offering in the first quarter of 2008.

The move is expected to accelerate Benpres Holdings Corp.’s proposed asset divestment plan and the retirement of $400 million worth of debts.

Benpres is the listed flagship firm of the Lopez family with interests in power distribution and generation, broadcasting and cable operations, infrastructure, telecommunications, health care delivery and real-estate development.

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