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Business

Benpres sells call center unit to Indian group

- Zinnia B. Dela Peña -
Benpres Holdings Inc. has sold its wholly-owned subsidiary Customer Contact Center Inc. (C-Cubed) to the India-based conglomerate Hinduja Group, the company said in a disclosure to the Philippine Stock Exchange.

The Hinduja Group is trans-national conglomerate operating in over 20 countries. It has a leadership position in automotive manufacturing, financial services, banking, chemicals & agri-business, and infrastructure project development.

There were no other details given by Benpres on the sale of C-Cubed, where it has a capital infusion of P100 million.

C-Cubed currently operates four call centers in Metro Manila with its main facility located in Eastwood City Cyberpark in Libis, with a capacity of close to one thousand seats.

The sale of C-Cubed is in line with the Benpres Group’s divestment program aimed at strengthening its liquidity position.

The group is divesting non-core assets to pay off maturing obligations and to focus on its bread-and-butter businesses – power generation and media.

Among the assets Benpres may divest to bring down overall debts to a more manageable level are its interests in First Philippine Infrastructure Development Corp., Sky Vision's Beyond Cable and Rockwell Land.

vuukle comment

BENPRES

BENPRES GROUP

BENPRES HOLDINGS INC

BEYOND CABLE AND ROCKWELL LAND

C-CUBED

CUSTOMER CONTACT CENTER INC

EASTWOOD CITY CYBERPARK

FIRST PHILIPPINE INFRASTRUCTURE DEVELOPMENT CORP

HINDUJA GROUP

METRO MANILA

PHILIPPINE STOCK EXCHANGE

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