Business tycoon Danding Cojuangco dies

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DAVAO CITY — Business tycoon Eduardo “Danding” Cojuangco has died on Tuesday, June 16 due to heart failure and pneumonia at the St. Luke’s Medical Center. He was 85.

He was born June 10, 1935.

Presidential spokesperson Harry Roque on Wednesday expressed sadness over the death of Cojuangco, chairman and chief executive officer of San Miguel Corporation, the largest food and beverage conglomerate in the country.

“We are deeply saddened by the passing of Mr. Eduardo ‘Danding’ Cojuangco, Jr.,” said Roque in a statement.

Cojuangco owned three teams in the league, namely the San Miguel Beermen, Barangay Ginebra San Miguel, and Magnolia Hotshots.

“Thank you for your countless contribution to the PBA and sports. Our prayers and condolences to his family and loved ones,” PBA said.

Aside from SMC, his flagship company, Cojuangco was also chairman of Petron Corporation and various other enterprises.

Cojungaco is the uncle of former President Benigno “Noynoy” Aquino and first cousin of the late President Corazon Aquino.

He served as ambassador to the United States and the chairman of the Nationalist People’s Coalition.

Cojuangco ran and lost his presidential bid to Fidel Ramos in 1992.-Newsline

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