Aboitiz Equity Ventures, Inc.

The publicly-listed holding and investment management company of the Aboitiz Group Core investments are in power, banking, food and transport. Its initial public offering was made on the Philippine Stock Exchange in 1994. AEV's mission is "To create long term value for all its stakeholders".

AEV is consistently recognized in international surveys of Asian companies as one of the Philippines' best conglomerates.

Corporate Structure

	OWNERSHIP (%)
POWER
Aboitiz Power Corporation	76
Power Generation
Aboitiz Renewables, Inc.	100
AP Renewables, Inc.	100
Hedcor, Inc.	100
Hedcor Sibulan, Inc.	100
Luzon Hydro Corporation	100
Manila-Oslo Renewable Enterprise, Inc.	83
SN Aboitiz Power-Magat, Inc.	60
SN Aboitiz Power-Benguet, Inc.	60
SN Aboitiz Power-Res, Inc.	60
Therma Power Inc.	100
Therma Luzon, Inc.	100
Therma Marine, Inc.	100
Therma South, Inc.	100
Abovant Holdings, Inc.	60
Cebu Energy Development Corporation	44
Redondo Peninsula Energy, Inc.	25
STEAG State Power, Inc.	34
Cebu Private Power Corporation	60
East Asia Utilities Corporation	50
Southern Philippines Power Corporation	20
Western Mindanao Power Corporation	20
Power Distribution
Visayan Electric Company, Inc.	55
Davao Light & Power Company, Inc.	100
Cotabato Light & Power Company	100
Subic EnerZone Corporation	100
Mactan EnerZone Corporation	100
Balamban EnerZone Corporation	100
San Fernando Electric Light & Power Company, Inc.	44
Retail Electricity Services
Aboitiz Energy Solutions, Inc.	100
Advent Energy, Inc	100
Prism Energy, Inc.	60
BANKING
Union Bank of the Philippines	43
City Savings Bank	100
FOOD
Pilmico Foods Corporation	100
Pilmico Animal Nutrition Corporation	100
INTEGRATED MARITIME SERVICES
Aboitiz Jebsen Bulk Transport Corporation	62
Aboitiz Jebsen Manpower Solutions, Inc.	62
Jebsen Maritime, Inc.	62
OTHERS
AEV Aviation, Inc.	100
Cebu Praedia Development Corporation	100

For a fullsize view, Click on the map

For more information, please visit Aboitiz Equity Ventures, Inc.  site in Philippines Stock Exchange.