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Italpinas Unloads Stake in Renewable Energy Firm
The Philippine Star
|April 13, 2025
Italpinas Development Corp. (IDC), a listed real estate developer of sustainable properties in the Philippines, is disposing its entire 25-percent stake in a renewable energy development firm to focus on its real estate business.
In a stock exchange filing, IDC said the company is selling five million shares, which represent its entire shareholdings in Constellation Energy Corp. for P6.5 million.
The sale of the shares will be done through the execution of a deed of assignment of shares between IDC and Constellation Energy as the purchaser of the shares.
Constellation Energy is a renewable energy development firm with development projects in hydroelectric, geothermal and wind technologies.
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