FPH to divest Rockwell Land stake for P15.9B

MANILA, Philippines — First Philippine Holdings Corp. (FPH) is selling its entire 90.74-percent stake in Rockwell Land Corp. to Crème Investment Corp. for P15.9 billion, in a deal that would shift control of the property developer to the branch of the Lopez family descended from Eugenio “Geny” Lopez Jr. On Thursday, the Lopez-led conglomerate said its