Priming up PrimeWater

The news of the purchase of PrimeWater Infrastructure Corp. by billionaire Lucio L. Co in December last year spooked me, coming as it did while I was focused on the continuing downward spin of the equities market and the weakening of the local currency.

- FILC. SIONIL

Yes, Virginia, the acquisition—lock, stock, and barrel—was announced while I was practically sleeping. I must admit I let my guard down following the disclosure by industrialist Manuel “MVP” V. Pangilinan that his firm was in initial negotiations with the owners of the beleaguered PrimeWater for a possible acquisition.

It was an affirmation, despite the vehement denial of a company official, of my earlier piece stating that MVP was interested in PrimeWater. Slack got the better of me.