The son of bilyonaryo Enrique “Endika” Aboitiz is bullish on the family’s power unit as he continues to build up his personal holdings.
Aboitiz Power (AP) director Danel Aboitiz bought 355,000 AP shares at a price range of P31 to P31.85 on September 7.
Danel, the husband of Bank of the Philippine Islands consumer banking and digital chief Mariana Zobel de Ayala, currently holds 10.025 million AP shares worth P322 million.
He has bought a total of 2.574 million AP shares so far since the start of 2022.
AP profits surged 78 percent year on year to P7.762 billion in the second quarter of 2022.