Lopez Holdings Corporation (formerly Benpres Holdings Corporation until July 5, 2010) is a
Filipino
Filipino may refer to:
* Something from or related to the Philippines
** Filipino language, standardized variety of 'Tagalog', the national language and one of the official languages of the Philippines.
** Filipinos, people who are citizens of th ...
conglomerate founded by the brothers
Eugenio Lopez, Sr.
Eugenio is an Italian and Spanish masculine given name deriving from the Greek language, Greek 'wiktionary:Eugene, Eugene'. The name is Eugénio in Portuguese and Eugênio in Brazilian Portuguese.
The name's translated literal meaning is well born ...
and
Fernando Lopez, Sr. It has substantial holdings in the public service and utilities sector in the Philippines and serves as the
Lopez family's publicly listed holding company for investments in major development sectors such as broadcasting and cable; telecommunications; power generation and distribution; manufacturing; and property development. It added to its portfolio investments in other basic service sectors but has also since sold its interest in banking, toll roads, information technology, and health care delivery.
Lopez Holdings Corporation is majority-owned by Lopez, Inc., a private holding and investment entity of the Lopez family.
Businesses
Media and Telecommunications
*
ABS-CBN Corporation
ABS-CBN Corporation is a Filipino media company based in Quezon City, Metro Manila, Philippines. It is the largest entertainment and media conglomerate in the Philippines. It is a subsidiary of Lopez Holdings Corporation which is owned by t ...
(formerly ABS-CBN Broadcasting Corporation until May 27, 2010) - a publicly listed company and the country's largest media conglomerate. It is currently involved in broadcast radio, television and new media as well as cable television (
Sky Cable Corporation
Sky Cable Corporation, doing business as Sky, is a Telecommunications in the Philippines, Filipino telecommunications company based in Diliman, Quezon City. A subsidiary of the media conglomerate ABS-CBN Corporation, ABS-CBN, the company offe ...
,
Creative Programs, Inc.), television programming (
Dreamscape Entertainment
Dreamscape Entertainment is a Philippine television production company and entertainment division of ABS-CBN Corporation. It is one of the media conglomerate's television production units that supplies telenovelas for the flagship television n ...
,
Star Creatives Television), films (
Star Cinema
ABS-CBN Film Productions, Inc. (doing business as Star Cinema or ABS-CBN Films) is a Philippines, Filipino film studio and film and television production company and film distributor headquartered in Quezon City. It is one of the major film ...
, Black Sheep Productions,
Skylight Films
Skylight Films was a division of ABS-CBN Films
ABS-CBN Film Productions, Inc. (doing business as Star Cinema or ABS-CBN Films) is a Philippines, Filipino film studio and film and television production company and film distributor headqua ...
), theater (Teatro Kapamilya), news (
ABS-CBN News
ABS-CBN Integrated News and Current Affairs, known on-air as ABS-CBN News (formerly known as ''ABS-CBN News and Public Affairs'' and later ''ABS-CBN News and Current Affairs''), is the news and current affairs production and distribution divisi ...
), publishing (
ABS-CBN Publishing
This is a list of subsidiaries owned by ABS-CBN Corporation, a Philippine media and entertainment conglomerate based in Quezon City. This also includes business segments that are owned and operated by the company including its blocktime agreeme ...
), talent agency (
Star Magic
ABS-CBN Center for Communication Arts, Inc., trade name, doing business as Star Magic (formerly known as ABS-CBN Talent Center), is the Talent agency, talent agency owned by ABS-CBN Corporation based in Quezon City, Metro Manila, Philippines t ...
, etc.), licensing, radio (
TeleRadyo,
MOR Entertainment
MOR Entertainment is a national brand of new media radio station owned and operated by media conglomerate ABS-CBN Corporation. As a broadcast radio network, MOR stations primarily played contemporary middle-of-the-road and original Pinoy mus ...
), music (
Star Music
Star Music (stylized in lowercase as starmusic; formerly known as Star Records), is a record label in the Philippines owned and operated by media conglomerate ABS-CBN Corporation. It was formerly a separate company operating as a wholly owned su ...
, Tarsier Records), merchandise (ABS-CBN Store), events and concerts (ABS-CBN Events, Star Events, Ktx.ph), streaming platforms (
iWantTFC
iWantTFC is a Filipino over-the-top content platform and production company owned and operated by ABS-CBN Digital Media, a division of ABS-CBN Corporation, formed in 2020 through the merger of two streaming services iWant and TFC Online. In ad ...
), digital media (
Kapamilya Online Live
Kapamilya Channel (stylized as Kapamilya channel) is a 24-hour Philippine pay television network formerly known as ABS-CBN Corporation, a company under Lopez Holdings Corporation owned by the López family. The network is headquartered at the ...
) and websites (
news.abs-cbn.com
ABS-CBNnews.com is a news website based in Quezon City, Internet in the Philippines, Philippines. It is owned by the media conglomerate ABS-CBN Corporation, ABS-CBN and it is predominantly targeted to the Filipino market. The website is maintai ...
). Its flagship television station,
ABS-CBN
ABS-CBN (an initialism of its two predecessors' names, Alto Broadcasting System and Chronicle Broadcasting Network) is a Television in the Philippines, Philippine Commercial broadcasting, commercial broadcast broadcast network, network tha ...
(temporarily replaced by
Kapamilya Channel
Kapamilya Channel (stylized as Kapamilya channel) is a 24-hour Philippine pay television network formerly known as ABS-CBN Corporation, a company under Lopez Holdings Corporation owned by the López family. The network is headquartered at th ...
, and ABS-CBN (as a broadcast syndication) affiliated with blocktime channels:
A2Z A2Z may refer to:
*A2Z (2006 film), a 2006 German action film
*A2Z (TV channel), a Philippine television channel
**A2Z News Alert, a Philippine television newscast broadcast by A2Z (TV channel)
*A2Z Group
A2Z Group is an engineering, procurement ...
under
ZOE Broadcasting Network
ZOE Broadcasting Network, Inc. (ZOE TV) is a Philippine broadcast media arm of the Jesus Is Lord Church. Based in Ortigas Center, Pasig, it operates a network of television and radio stations each in Mega Manila, Puerto Princesa City, Visaya ...
and other networks and platforms is the leading television network in the country and is available worldwide through
The Filipino Channel
The Filipino Channel, commonly known as TFC, is a 24-hour global subscription television network based in Daly City, California with studios in Redwood City, California and offices in Africa, Australia, Brazil, Canada, Cayman Islands, UAE, Ethi ...
. Lopez Holdings owns 57.24% of ABS-CBN Corporation as of 2014.
*Sky Vision Corporation - is a holding company incorporated on March 25, 1991, with the primary purpose of owning controlling stocks on
Sky Cable Corporation
Sky Cable Corporation, doing business as Sky, is a Telecommunications in the Philippines, Filipino telecommunications company based in Diliman, Quezon City. A subsidiary of the media conglomerate ABS-CBN Corporation, ABS-CBN, the company offe ...
. It started commercial operations on February 1, 1992. It is owned 55% by ABS-CBN Corporation, 5% by Lopez Holdings Corporation and 40% by
Sampaquita Communications Pte. Ltd. Sky Cable acquired
Destiny Cable
Destiny Cable (formerly Global Destiny Cable and stylized as DESTINY CABLE) was a direct-to-home cable television subscription service based in Quezon City. Destiny Cable was the 2nd largest cable TV provider in the Philippines. It was owned by ...
in 2012.
Power and Energy
*
First Philippine Holdings Corporation
First Philippine Holdings Corporation (FPH) is a management and investment company whose major business is power generation and distribution, with strategic initiatives in manufacturing and property development. FPH is a member of the Lopez Grou ...
(First Holdings) - a holding company whose core businesses are in power generation and distribution, with strategic initiatives in manufacturing, property and infrastructure. Lopez holdings owns 46.6% of FPHC as of December 2011.
Power Generation
*First Gen Corporation (First Gen) - is the holding company of First Holdings in power generation and energy-related businesses. First Holdings owns 76% of First Gen.
*First Gas Holdings Corporation (FGHC) - established in 1994 as a joint-venture between First Holdings and the
BG Group
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and ...
to develop natural gas projects in the Philippines using natural gas from the
Malampaya gas field
The Malampaya gas field or the Malampaya-Camago field is a deepwater gas-condensate reservoir, located in the Service Contract 38 license area, located offshore, 65 km northwest of the island of Palawan, Philippines.
Background
The field ...
. FGHC is now a wholly owned subsidiary of First Gen acquiring the 40% interest of BG Group in 2012.
*First Gas Power Corporation (FGPC) - established in 1994 as a joint-venture between First Holdings and the BG Group to operate a 1,000
MW combined cycle gas turbine power plant in
Santa Rita, Batangas. In May 2012, First Gen acquired the 40% interest of the BG Group, making FGPC an indirect wholly owned subsidiary of First Gen.
*FGP Corporation (FGP) - established in 1997 as a joint-venture between First Holdings and the BG Group to operate a 500 MW gas turbine combined cycle power plant in San Lorenzo, Batangas. In May 2012, First Gen acquired the 40% interest of the BG Group, making FGPC an indirect wholly owned subsidiary of First Gen.
*FGP San Gabriel is a 420 MW combined cycle gas turbine plant which was established in 2016 as an indirect wholly owned subsidiary of First Gen.
*FG Hydro Power Corporation - First Gen Hydro Power Corporation (FG Hydro) was incorporated as a wholly owned subsidiary of First Gen.
*FG Bukidnon Power Corporation
*First Gen Renewables, Inc. (FGRI), formerly known as First Philippine Energy Corporation, was established in 1978 to develop prospects in the renewable energy market. First Gen owns 100% of FGRI.
*
Energy Development Corporation
Energy Development Corporation (or simply EDC) is the largest producer of geothermal energy in the Philippines and the second largest in the world. It is involved in alternative energy projects, including geothermal, hydroelectric and wind energy ...
- established in 1976,accounts for more than 60% of the country’s installed geothermal capacity. Its plants are located in the provinces of Leyte, Negros Oriental, Negros Occidental, Bicol and North Cotobato. In November 2007, First Gen Corporation bid for and won a 60-percent economic stake in EDC. As of 2011 First Gen owns over 46% of EDC.
Power Distribution
*
Manila Electric Company
The Manila Electric Company (), also known as Meralco (, ), is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 22 cities and 89 munic ...
(Meralco) - acquired by the Lopez Group 1962 and developed into a power-distributing company. Between 2009 and 2012, the Lopez Group would reduce its 33.4% holdings in MERALCO by selling most of its shares to the
First Pacific Group
First or 1st is the ordinal form of the number one (#1).
First or 1st may also refer to:
*World record, specifically the first instance of a particular achievement
Arts and media Music
* 1$T, American rapper, singer-songwriter, DJ, and rec ...
. Since 2012, the Lopez Group's maintains a 3.95% interest (one board seat) in MERALCO.
*
Panay Electric Company
Panay Electric Company, Inc., also known as Panay Electric or simply PECO, is an electric power distribution company in the Philippines. It served the City of Iloilo from 1923 until 2019, when its franchise service expired and MORE Electric and ...
(PECO) - First Holdings entered into a joint venture with the Panay Electric Company, Inc. (PECO) in March 1996 for the construction of a US 72 million diesel-fired power plant in Iloilo City. First Holdings acquired a 30 percent equity in PECO. In turn, PECO subscribed to a 30 percent equity interest in Panay Power Corporation. First Holdings currently owns 30% of PECO.
Real estate
* Rockwell Land Corporation (RLC) - a high-end
real estate development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw Real Estate, land and the sale of developed land or parcels ...
corporation initially tasked to develop the
Rockwell Center
Rockwell Center is a high-end mixed-use area in Makati, Metro Manila, Philippines, named after James Rockwell, former President of Manila Electric Railroad and Light Company (Meralco). It is a project of Rockwell Land Corporation, which is owned ...
in
Makati
Makati ( ), officially the City of Makati ( fil, Lungsod ng Makati), is a 1st class highly urbanized city in the National Capital Region of the Philippines.
Makati is the financial center of the Philippines; it has the highest concentration ...
. Rockwell Land was established in 1995. FPHC now owns 85% of Rockwell Land after buying the shares of
MPIC and
SMC groups in Rockwell Land.
*First Philippine Industrial Park (FPIP) - a 315-hectare industrial estate. FPIP is a joint venture with
Sumitomo Corporation
is one of the largest worldwide ''sogo shosha'' general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.
It is listed on three Japanese stock exchanges ( ...
of Japan which owns 30% while First Holdings owns 70%, formed in 1996 to develop an industrial park located in Sto. Tomas, Batangas.
* First Philippine Realty Corp., formerly known as INAEC Development Corporation - primarily engaged in the acquisition, disposal, or lease of real and personal property. FPRC is a wholly-owned subsidiary of First Holdings.
* TerraPrime Inc. - incorporated in May 2011 as a joint-venture between First Balfour and Estuar Development Corporation. The company is engaged in real estate development.
Infrastructure
* First Balfour, Inc. - is one of the country’s largest engineering and construction companies today, with 49 years in business. First Balfour, Inc. is a wholly owned subsidiary of First Philippine Holdings.
* First Philippine Industrial Corp.- owns and operates the sole, largest commercial oil pipeline in the country, transporting crude and refined petroleum products from Batangas to Metro Manila. FPIC is 60% owned by First Holdings, in partnership with Shell Petroleum Co., Ltd. (UK) which owns 40%.
Manufacturing
*First Philippine Electric Corp. (First Philec)
*Philippine Electric Corporation (Philec)
*First Electro Dynamics Corporation (FEDCOR)
*First Philippine Power Systems, Inc. (FPPS)
*First Sumiden Circuits, Inc. (FSCI)
*First Sumiden Realty, Inc.
*First Philec Solar Corporation
Other Businesses of the Lopez Group
* Asian Eye Institute
* Bayad Center
* Securities Transfer Services Inc. (STSI)
* ADTEL
*
INAEC Aviation Corporation
Former Businesses
*Bayan Telecommunications Holdings Corporation (Bayan Holdings) - owns
Bayan Telecommunications
Bayan Telecommunications Inc. (BayanTel) is a telecommunications company headquartered in Quezon City, Philippines serving areas in Metro Manila, Bicol and local exchange service areas in the Visayas and Mindanao regions combined, cover a popula ...
, one of the telecommunications company in the Philippines providing a full range of services which includes local exchange, domestic long distance, international long distance, data and payphone services. As of May 2011, Lopez Holdings held 47.3% Bayan Holdings. In 2013, Ayala-led Globe Telecom took over 98% of BayanTel via a debt to equity deal.
*Maynilad Water Services - joint-venture between Benpres Holdings Corporation and Ondeo Water Services, Inc. (formerly Suez Lyonnaise de Eaux). Benpres left the joint-venture in 2006 in order to settle a debt of US$150 million.
*
The Medical City
Professional Services Inc. operating as The Medical City (TMC) is a health institution in the Philippines which maintains a network of hospitals and clinics in the Philippines. The TMC also maintains the Guam Regional Medical City in Guam and a n ...
- in April 2008, Benpres sold its entire 18% stake in The Medical City to Lombard for Php600 million.
*Tollways - in 2008, First Philippine Infrastructure Development Corporation and
NLEX Corporation
NLEX Corporation (formerly Manila North Tollways Corporation) is a subsidiary of Metro Pacific Tollways Corporation (MPTC), a company owned by Metro Pacific Investments Corporation (). It holds the concession rights to construct, operate and m ...
were sold to
Metro Pacific Investments Corporation
Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage se ...
.
*Philippine Commercial International Bank (PCI Bank) - a joint venture between Benpres and the JG Summit Holdings. In 1999, both groups sold their shares in the bank to
SSS and
GSIS. The shares were later acquired by and merged with Equitable Bank and renamed
Equitable PCI Bank
Equitable PCI Bank, Inc. () was one of the largest banks in the Philippines, being the third-largest bank in terms of assets. It was the largest bank before it was overtaken by Metrobank in 1995. It is the result of the merger of Equitable Bankin ...
. In 2005, the
SM Group
SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests in shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of ...
would acquire Equitable PCI Bank and merged in 2006 with
Banco de Oro to be renamed
BDO Unibank.
Notes
References
Sources
# The Lopez Family: its Origins and Genealogy, edited and introduced by Oscar M. Lope
lopez-museum.org# Phoenix: The Saga of the Lopez Family by Raul Rodrigo
# The Power and the Glory: the story of the Manila Chronicle 1945-1998
Lopez Holdings Corporation, official corporate website#
ttp://www.lopezlink.ph/ Lopez Link, the monthly newsletter of the Lopez Group of companies
Further reading
* Oscar M. Lopez Timeline
Living life well* Oscar M. Lope
Show me the Numbers* International Association of Business Communicators (IABC) Philippines
2010 Lifetime Achievement Award in Communication Excellence in Organizations* The Lopez Family story
UNDAUNTED as seen through the eyes of Oscar M. Lopez
{{PSEi
Holding companies of the Philippines
Conglomerate companies established in 1993
Companies based in Pasig
Companies based in Mandaluyong
Holding companies established in 1993
Philippine companies established in 1993