Iñigo Zobel moves controlling Top Frontier stake in P11.2-B deal

MANILA, Philippines — Tycoon Iñigo Zobel has moved nearly his entire controlling stake in Top Frontier Investment Holdings Inc., the parent of San Miguel Corp., to his wholly owned private holding company in a P11.2-billion block transaction. Top Frontier said Thursday that Zobel, its chair, transferred 199,599,900 common shares to IZ Investments Holdings Inc., which