The colonial-era company-which traces its roots to Paulino Aboitiz, a sailor from Spain’s Basque region, who came to the Philippines in the late 1800s and built a hemp trading and shipping business-was formally incorporated in 1920 as privately held Aboitiz & Co., the parent of Aboitiz Equity. Aboitiz Equity has constantly evolved to keep its businesses relevant to the times. While Aboitiz’s current makeover is one of the most ambitious taken by the family, such efforts are not new. Jason Quibilan for Forbes Asia MORE FROM FORBES Billionaire Aboitiz Family And CCEP Agree To Buy Coca-Cola Philippines In Deal Valued At $1.8 Billion By Jonathan Burgos Sabin in his office at the heart of Bonifacio Global City, just outside Metro Manila’s Makati central business district.
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