The bank said it signed a share purchase agreement on Jan. 19, 2026 with Monte Sur Equity Holdings Inc. for 1,513,732,718 shares, equivalent to 70 percent of DHI, which used to be called BDO Leasing and Finance Inc.
The buyer was said to be owned by certain shareholders of BDO, a stock exchange filing showed.
P200 million premium
BDO said the sale will be done via a Philippine Stock Exchange block sale at an estimated P1.68 per share, implying a 20 percent premium versus DHI’s previous close of P1.40 before trading was suspended.
The bank said pricing is based on DHI’s net asset value as reflected in closing accounts plus a P200 million premium.
Tender offer trigger
Completion is subject to agreed closing conditions, including regulatory approvals, and the conduct of a mandatory tender offer by the buyer.
BDO said the transaction aligns with its continuing policy of streamlining its organizational structure following DHI’s conversion into an investment holding company.
After closing, DHI will cease to be a subsidiary of BDO, which said the sale will have no effect on its business, financial condition, and operations.
—Edited by Miguel R. Camus
