PSE acquires more PDS shares, now owns 79.87%

The Philippine Stock Exchange (PSE) has acquired a 1.54% stake in the Philippine Dealing System Holdings Corp. (PDS) from the Social Security System (SSS), bringing PSE's ownership to 79.87%.

Under the agreement, PSE will purchase 96,388 common shares from SSS for an undisclosed amount.

The acquisition is subject to customary closing conditions and aligns with PSE's strategy to consolidate local capital markets.

In December 2024, PSE announced its initial acquisition of a 61.92% stake in PDS for PHP 2.32 billion.

PSE aims to integrate both entities to realize synergies and efficiencies, expanding investor participation and protection in the market.

For 2024, PSE reported a 57.5% increase in net income to PHP 1.21 billion compared to PHP 766.31 million in 2023.

PSE shares rose by 0.99%, or PHP 1.80, to PHP 183.80 per share on Wednesday.