Danel Aboitiz jacks up stake in Aboitiz Power with P20 million purchase

A scion of the Aboitiz is steadily building up his personal stake in the family’s power firm.

Danel Aboitiz bought a total of 540,000 Aboitiz Power shares from May 31 to June 9 at a price range of P36.75 to P37.10.

Danel has boosted his equity by 42 percent to 14.502 million since the end of last year. Danel is the chief commercial and stakeholder engagement officer (CCSEO) who oversees the firm’s commercial operations, regulatory affairs, external relations, and legal and compliance teams.

He is the son of Aboitiz Transport System chairman and bilyonaryo Enrique “Endika” Aboitiz Jr.