• "Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor."

    COCKTALES | Zobel heir deepens ties with taipan Lucio Tan


    InterAksyon.com means BUSINESS
    His Ayala cousins would rather be seen with gunslinger Kim Henares than socialize with Lucio Tan, but that does not stop Inigo Zobel from getting deeper into bed with the colorful and event-rich taipan.
    According to the pro-Tan grapevine, Zobel, already a director of Tan's PAL Holdings, has even managed to dispose of his father's heirloom one-hectare home in Ayala Alabang to the taipan, despite the latter already having half a dozen homes just in Metro Manila to spend the night in.
    What apparently clinched the recent deal for Zobel was that the Ayala Alabang property, in addition to having its private, licensed helipad, was brokered by a certain "Jean Marie," said to be a habitue of Tan's Century Park hotel.
    The property was quoted in a June 2011 column by Philippine Star columnist Ricky Lo as being on the market for $10 million, attracting the likes of big spending entertainer Willie Revillame as potential buyer.
    The Ayala Alabang property transaction, if the pro-Zobel chatter is to be believed, is but a prelude to Inigo leading a consortium of buyers to eventually acquire Tan's remaining stake in Philippine Airlines.
    Zobel could not be reached for independent confirmation, having flown ahead of the Halloween to Argentina, where he is supposed to catch the polo season with star player and playing partner Pablo MacDonough.
    The billionaire polo player should be back in the country by mid-November, after a supposed short layover in Savannah, Georgia, to preside over the public listing of Top Frontier, the investment holding company controlled by him, San Miguel president Ramon Ang and Alphaland's Roberto Ongpin.
    The Securities and Exchange Commission has already green-lighted the company's listing by way of introduction, helped no less by such luminaries as retired Supreme Court Justice Consuelo Ynares-Santiago and former Monetary Board member Nelly Favis-Villafuerte on the Top Frontier board.
    Strangely, despite the certification of SEC Director Vicente Graciano Felizmenio Jr., Top Frontier's prospectus could not be downloaded from the company website, www.topfrontier.com.ph.
    In fact, there was, as of Thursday evening, no Top Frontier website that could be found in the Internet at all.
    Lucio Co's trick or treat
    And speaking of Halloween, retail taipan Lucio Co has just given his youngest daughter an unforgettable treat to dispel any malevolent spirits in this doleful season.
    Instead of traditional candies, the doting dad let loose Katrina Marie within the Puregold empire, putting in her purse one million company shares with a market value of about P45.2 million.
    The gift is on top of the 27.7 million shares (market value: about P290 million) in the family holding company, Cosco Capital, that the retail heiress, who is just in her mid-20s, already has under her belt.
    Money-go-round
    • DMCI Holdings treasurer Edwina Laperal disposed of 7.7 million DMCI shares in her name, transferring them early this week to the family company, DFC Holdings. Valued at over P390 million, the intra-family transaction is on top of the Consunjis actively buying back DMCI shares from the market. 
    • Ex-banker and now Belle vice chairman Elizabeth Anne Uychaco has been elected to the Republic Glass board to replace Antonio Henson as the nominee of the Henry Sy block in the glass manufacturing company.
    • Scottish chef Colin Mackay is moving his Sala restaurant out of the LV Locsin building to the Nielsen Tower across the street, hopefully in time for the Yuletide spending rush.
    Heard through the grapevine
    Alphaland president Mario Oreta, presumably with the blessings of the Binays, is organizing a Macea-like group with property developers along the Malugay-Yakal-Metropolitan Avenue corridor to help City Hall better plan the traffic-choked neighborhood.
    One advocacy close to Oreta's heart: connect Yakal straight to South Luzon Expressway through a new railroad crossing to lessen the road-rage inducing bottleneck at the present Malugay crossing.


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