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ACEN fully acquiring solar firm in Negros Occidental
The Philippine Star
|March 08, 2025
Ayala-led ACEN Corp. is set to take full control of Negros Island Solar Power Inc. (Islasol), which operates renewable power plants in Negros Occidental.
In a regulatory filing, ACEN said it executed a share purchase agreement and deed of absolute sale with Asian Energy Impact Trust Plc (AEIT) involving 7,371 redeemable preferred shares of Islasol.
The acquisition of shares, equivalent to 14 percent of the total outstanding shares of Islasol, will give ACEN full ownership and control of the solar firm's operations, decision-making and financial management.
Esta historia es de la edición March 08, 2025 de The Philippine Star.
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