Yuchengco & Romualdez’s EEI creates P500M investment entity

The Yuchengco family’s construction giant EEI Corp. established a P500 million entity that will invest in new businesses, a year after the entry of the family of House Speaker Martin Romualdez. 

On Monday, EEI announced the formation of EEI Ventures, whose purpose is to “acquire and hold interests in various potential businesses”, although no specific targets were named in the stock exchange filing. 

The board of directors of EEI, a major contractor whose projects include a portion of P488.5 billion Metro Manila Subway project, said EEI ventures will be capitalized with an initial amount of P500 million. 

Romualdez family-led RYM Business Management Corp. gained a foothold in EEI last year after acquiring a 20 percent stake.