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× BDO takes in Singapore equity fund as partner in rural bank unit

Leading Philippine lender BDO Unibank has sealed a deal to bring in a unit of Singapore-based private equity firm Archipelago Capital Partners Pte. Ltd. as a strategic investor in its Davao-based rural bank subsidiary One Network Bank Inc. (ONB).

In a disclosure to the Philippine Stock Exchange on Friday, BDO said it had consummated the agreement to sell a 15-percent stake in the country's biggest…

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