We are thrilled to announce a historic milestone for First Metro Asset Management, Inc. (FAMI). Yesterday, we successfully closed the sale of FMIC’s 70% stake in the company, marking the start of a bold new journey for FAMI, now independent from the Metrobank Group. We extend our heartfelt gratitude to Metrobank for their invaluable support over the years. Like a company ready to soar, FAMI is now primed to reach new heights!
This momentous shift follows the signing of the Share Purchase Agreement between First Metro Investment Corporation ("First Metro") and MET Holdings, Inc. ("MET") for the sale of shares in FAMI. Today, we are excited to share that First Metro has officially executed a Deed of Absolute Sale with ATR Financial Holdings, Inc., completing the transaction that paves the way for a transformative future.
With the ATRAM consortium at the helm, FAMI is entering a new era of growth, supported by unparalleled expertise and resources. This change aligns perfectly with our commitment to delivering even greater value to our clients and distributors. Together, we are ready to explore new opportunities, expand our offerings, and set new benchmarks in the asset management industry.
To our valued clients, partners, and distributors: We are excited to share this journey with you! Your trust has been vital to our success, and we look forward to achieving even greater milestones together.
Stay tuned for more updates as we continue to shape a brighter future for FAMI and the communities we serve!