Madrigal heiress warns SM Group about Greenhills shopping complex sale; She says her estranged husband Paqui Ortigas’ share is still "conju

In his column Cocktales, which is posted on InterAksyon.com, Vic Agustin reveals: "Madrigal heiress Susana Madrigal Bayot has raised a judicial obstacle against her estranged husband, former Ambassador Francisco "Paqui" Ortigas III, joining the Ortigas clan in their planned ₱44-billion (cited as $1 billion in other reports) sale of the Greenhills shopping complex to the SM Group." Agustin cited Bayot’s counsel, Atty. Thea Daep, as the source of the information.

In his column Cocktales, which is posted on InterAksyon.com,  Vic Agustin reveals: "Madrigal heiress Susana Madrigal Bayot has raised a judicial obstacle against her estranged husband, former Ambassador Francisco "Paqui" Ortigas III, joining the Ortigas clan in their planned ₱44-billion (cited as $1 billion in other reports) sale of the Greenhills shopping complex to the SM Group." Agustin cited Bayot’s counsel, Atty. Thea Daep, as the source of the information.

 

Based on what he learned from Daep, Agustin further noted: "Paqui Ortigas holds 4.67 percent of the Ortigas holding company that in turn owns the 16-hectare shopping complex, and he needs the written consent of his wife to proceed with the announced disposal since his shareholdings have become part of the conjugal property."

 

Susana Madrigal Bayot and Francisco "Paqui" Ortigas III’s "shocking" marital troubles were disclosed to the public late last year and has continued to make headlines. [Note: Read about them in "10 High Society Scandals That Rocked Manila."]

 

For more on this story, log on to InterAksyon.com.

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