Lopez Holdings Corporation

Lopez Holdings Corporation
Lopez Holdings Corporation
	Lopez Holdings Corporation's logo used since July 21, 2010
Formerly	Benpres Holdings Corporation (1993–2019);
Type	Public
Traded as	PSE: LPZ
Industry	Various (conglomerate)
Founded	June 8, 1993; 33 years ago
Founder	Eugenio Lopez, Sr. and Fernando Lopez, Sr.
Headquarters	4/F Benpres Building, Exchange Road cor. Meralco Ave., Ortigas Center, Pasig City, Metro Manila, Philippines (1993–2019); 16/F North Tower, Rockwell Business Center Sheridan, Sheridan corner United Sts., Bgy. Highway Hills, Mandaluyong, Metro Manila, Philippines (2019–present);
Area served	Worldwide
Key people	Federico R. Lopez (Chairman and Chief Executive Officer); Martin L. Lopez (Vice-Chairman); Salvador Tirona (President, CCO and CFO);
Revenue	PHP 107.28 billion (2020)
Operating income	PHP 18.07 billion (2020)
Net income	PHP 13.18 billion (2020)
Total assets	PHP 401.5 billion (2023)
Total equity	PHP 201.02 billion (2020)
Parent	Lopez, Inc. (54.44%)
Subsidiaries	ABS-CBN Corporation; Manila Electric Company (3.95% interest); First Philippine Holdings Corporation; First Gen Corporation; First Philec Corporation; First Philippine Industrial Park; Rockwell Land Corporation
Website	lopezlink.ph; www.lopez-holdings.ph

López Holdings Corporation (formerly primarily as Benpres Holdings Corporation from June 8, 1993 to July 21, 2010 and secondarily from July 21, 2010 to 2019 and also known as Lopez Group of Companies) is a Filipino multinational conglomerate company based on Mandaluyong, Metro Manila, Philippines founded by the brothers Eugenio López, Sr. and Fernando López, Sr. It has substantial holdings in the public service and utilities sector in the Philippines and serves as the López 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.

López Holdings Corporation is majority-owned by López, Inc., a private holding and investment entity of the López family and businessman Ramon Ang. It was formerly headquartered in Pasig until the demolition of Benpres Building, when it moved its operations to Mandaluyong in 2019.

Businesses

Media and Telecommunications

ABS-CBN Corporation (also known as ABS-CBN Broadcasting/ABS-CBN Broadcasting Corporation, ABS-CBN Corporate, ABS-CBN Group, ABS-CBN, Inc. and "its parent company" or "its parent" in referring to the namesake media network at the terms and conditions of websites of the media company's sectors, and shortened to ABS-CBN Broadcasting Corp., ABS-CBN Corp., or simply as ABS-CBN) - a publicly listed company and the country's largest media company. It is currently involved in broadcast radio, television and new media as well as cable television, television programming, films, theater, news, publishing, talent agency, licensing, radio, music, merchandise, events and concerts, streaming platforms, digital media and websites. Lopez Holdings owns 57.24% of the company as of 2014.
- List of ABS-CBN Corporation subsidiaries, Template:ABS-CBN Corporation, and ABS-CBN - lists of sectors of the media company with the last also the namesake media network which was formerly the free-to-air-channel from October 23, 1953 to September 23, 1972 and September 14, 1986 to May 5, 2020.
- List of real estate properties owned by ABS-CBN - current and former real estate properties currently and were formerly used on the company's operations.
- Kapamilya Channel - the company's flagship television channel that launched on June 13, 2020 (the company's 74th anniversary) which replaced the free-to-air ABS-CBN which was signed off on May 5, 2020 due to non-renewal of franchise with it affiliated with blocktime channels: A2Z under ZOE Broadcasting Network and other networks and platforms, including AMBS' All TV. Its contents are available worldwide through The Filipino Channel (TFC).
- Sky Vision Corporation - is a holding company incorporated on March 25, 1991, with the primary purpose of owning controlling stocks on Sky Cable Corporation. 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 in 2012.
Adtel Inc.

Power and Energy

First Philippine Holdings Corporation (First Holdings) - a holding company whose core businesses are in power generation and distribution, with strategic initiatives^{[clarification needed]} 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 to develop natural gas projects in the Philippines using natural gas from the Malampaya gas 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 - 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 (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. Since 2012, the Lopez Group's maintains a 3.95% interest (one board seat) in MERALCO.
Panay Electric Company (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 corporation initially tasked to develop the Rockwell Center in Makati. 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 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 Corporation, 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.
Alabang Town Center

Infrastructure

First Balfour, Inc. - is one of the country’s largest engineering, construction, and contractor company both for Lopez Holdings' current and former divisions and subsidiaries, and non Lopez-owned third-party companies today with 49 years in business. First Balfour, Inc. is a wholly owned subsidiary of First Philippine Holdings.
First Philippine Industrial Corporation- 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 Corporation (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
Securities Transfer Services Inc. (STSI)
INAEC Aviation Corporation

Former businesses

Bayan Telecommunications Holdings Corporation (Bayan Holdings) - 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 Lopez Holdings Corporation and Ondeo Water Services, Inc. (formerly Suez Lyonnaise de Eaux). Lopez left the joint-venture in 2006 in order to settle a debt of US$150 million.
The Medical City - in April 2008, Lopez Holdings sold its entire 18% stake in The Medical City to Lombard for Php600 million.
NLEX Corporation - sold to Metro Pacific Investments Corporation in August 2008.
Philippine Commercial International Bank (PCI Bank) - a joint venture between Lopez and JG Summit Holdings of the Gokongwei family. 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 resulting to the renaming of the merged entity into Equitable PCI Bank. Seven years later in 2005, SM Investments would acquire Equitable PCI Bank and merged it in 2007 with its Banco de Oro which eventually took the name BDO Unibank.

Notes

↑ The Benpres name was used as primary name from June 8, 1993 to July 21, 2010, and secondary from July 21, 2010 until the demolition of Benpres Building in 2019.
↑ On August 21, 2007, the company began to use the ABS-CBN Corporation name to reflect its diversification with ABS-CBN Broadcasting Corporation name is still used on some uses as such both names are now alternatively used since then.

References

↑ Amojelar, Darwin (January 25, 2022). "Villar firm bags NTC license, to use ABS-CBN frequencies". Manila Standard. Retrieved January 25, 2022.
↑ Rey, Aika (January 25, 2022). "Manny Villar gets ABS-CBN frequencies". Rappler. Retrieved January 25, 2022.
↑ "AMBS, ABS-CBN to bring Kapamilya shows, TV Patrol to ALLTV". ABS-CBN News. April 23, 2024. Retrieved July 7, 2024.
↑ "ABS-CBN and ALLTV partnership is getting stronger; is there more to come?". LionhearTV. October 21, 2024. Retrieved October 30, 2025.
↑ "Archived copy" (PDF). Archived from the original (PDF) on May 21, 2013. Retrieved February 25, 2012.{{cite web}}: CS1 maint: archived copy as title (link)
↑ "Lopez says wants out of Meralco". Reuters. May 8, 2008. Retrieved August 20, 2020.
↑ "PLDT buys 20% Lopez stake in Meralco". The Philippine Star. March 14, 2009. Retrieved August 20, 2020.
↑ "Metro Pacific, Piltel to form holding firm for Meralco shares". GMA News. February 8, 2010. Retrieved August 20, 2020.
↑ dela Pena, Zinnia (February 1, 2012). "Lopez completes sale of 2.66% Meralco stake". The Philippine Star. Retrieved July 18, 2020.
↑ "Meralco letting go of 51% stake in Rockwell Land". Archived from the original on April 27, 2012. Retrieved May 13, 2012.
↑ "Terraprime - About TerraPrime". archive.ph. June 29, 2013. Retrieved October 26, 2021.{{cite web}}: CS1 maint: deprecated archival service (link)

Sources

The Lopez Family: its Origins and Genealogy, edited and introduced by Oscar M. Lopez 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
Lopez Family Values -- Philanthropy in the Philippines as published in The Synergos Institute's Global Giving Matters
Lopez Link, the monthly newsletter of the Lopez Group of companies

v t e Lopez Holdings Corporation
Key figures	Eugenio López Sr. Fernando Lopez Eugenio Lopez Jr. Eugenio Lopez III Mark Lopez Carlo L. Katigbak
Media, social responsibility, and telecommunications	ABS-CBN Corporation subsidiaries real estate properties acquired franchise program formats A2Z ABS-CBN All TV Kapamilya Channel Sky Vision Corporation Lopez Group Foundation Adtel, Inc.
Energy	First Philippine Holdings Corporation First Gen Corporation First Gas Holdings Corporation FGP Corporation FG Hydro Power Corporation FG Bukidnon Power Corporation Bauang Private Power Corporation Energy Development Corporation Panay Electric Company
Property	Rockwell Land Corporation Alabang Town Center Rockwell Center Power Plant Mall The Proscenium López Museum and Library (art collection) The Proscenium Theater Eugenio Lopez Center López Museum and Library (library holdings) First Philippine Industrial Park First Philippines Realty Corporation Terraprime Inc.
Infrastructure	First Balfour, Inc. First Philippine Industrial Corporation
Manufacturing	First Philec Philec First Electro Dynamics Corporation First Philippine Power Systems, Inc. First Sumiden Circuits, Inc. First Sumiden Realty, Inc. First Philec Solar Corporation
Other assets	Asian Eye Institute INAEC Aviation Corporation
Former assets	Bayan Telecommunications (BayanTel) Maynilad Water Services Meralco The Medical City First Philippine Infrastructure Development Corporation NLEX Corporation North Luzon Expressway Candaba Viaduct NLEX Corporation Caloocan Headquarters and Offices Philippine Commercial International Bank