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Meralco hikes stake in SPNEC for P7.5 B
September 05, 2024
|The Philippine Star
Manila Electric Co. Meralco) of tycoon Manuel V. Pangilinan has solidified its control of SP New Energy Corp. SPNEC) with the acquisition of more shares worth P7.5 billion.
Meralco PowerGen Corp. (MGen) has acquired additional 5.8 billion shares, or 11.6 percent of SPNEC, from Solar Philippines Power Project Holdings Inc. founded by businessman Leandro Leviste.
This brings the total investment of MGen and its affiliates in SPNEC to P27.9 billion for 25.3 billion shares, equivalent to 50.5 percent of the solar company.
هذه القصة من طبعة September 05, 2024 من The Philippine Star.
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