Another blow for Equitable PCI

Friday can’t have been a very fruitful day for the bankers who were supposed to be pitching for the advisory role to sell Equitable PCI. Hong Kong’s finest M&A experts were supposed to descend on Manila in the hope of winning the mandate from the bank’s board – which wants to sell up to 35% of the bank. But politics intervened. And, as far as FinanceAsia can tell, many cancelled their trips.