Saturday, February 10, 2018

CITADEL Group

There are not much information since they are not yet listed in PSE. Hope they also do IPO.

1. Company Information
Company Name
CITADEL Group
Ownership
Delgado Family (Francisco C. Delgado)
Website / E-mail
http://www.citadel.com.ph
2. Company Descriptions and Business Development
Overview
Its holdings range from controlling stakes in companies engaged in telecommunications, retail, petroleum and gas distribution, property development, and airport services.

Business

Subsidiaries / Associates / Affiliates / Joint Ventures
MIASCOR is a full aviation services provider in the Philippines. It employes 3,500 manpowers. It handles groundhandling, logistics and airline catering.
IT&E, formerly Micronesian Telecommunications Corp, IT&E is a part of Verizon International. It became the largest wireless provider in Micronesia.
Isla Petroleum & Energy (IP&E) owns and operates the retail, commercial and distribution assets formerly managed by Shell in Guam, Saipan and the Republic of Palau.
Isla Petroleum & Gas Corporation (IP&G) is a joint venture company formed by Isla Petroleum and Energy Company Ltd. and ITOCHU Corporation of Japan. It acquired entire LPG business from Shell Philippines. It has over 50 distributors and 10,000 points of sale. Its brand is Solane.

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MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...