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Tag: stake

Pangilinan group not keen on hiking stake in SPNEC

The group of businessman Manuel Pangilinan (Meralco) has no plans to acquire the remaining interest of businessman Leandro Leviste in SP New Energy Corp....

Del Monte Pacific sells 4.99% stake in Sundrop Brands to reduce debt

Del Monte Pacific Limited (DMPL) sold a 4.99-percent equity interest in Sundrop Brands Limited for $15 million and plans to divest further shares as...

Maharlika buys P2.91-b stake in Asian Terminals

Maharlika Investment Corp., which manages the Philippines’ sovereign wealth fund, has acquired 80.835 million shares in port operator Asian Terminals Inc. for P2.91 billion. The...

Maharlika to get 20% NGCP stake by 2026—Garin

The Department of Energy (DOE) expects the Maharlika Investment Corp. (MIC) to finalize its acquisition of a 20-percent stake in the National Grid Corporation...

Manila Water sells stake in Thai firm

MANILA Water Company, Inc. (MWC) said Friday its wholly-owned subsidiary Manila Water (Thailand) Co. Ltd. has sold its entire stake in Thai firm Eastern...

PLDT revives plan to sell stake in data center business

PLDT Inc. said it is now seriously considering selling its stake in its data center business, citing recent interest from big multinational companies.  “We’ve been...

ACEN taking 25% stake in CIP’s offshore wind project in Camarines Sur

ACEN Corp, the listed energy company of the Ayala Group, said Thursday it signed definitive agreements with Copenhagen Infrastructure Partners' (CIP) Growth Markets Fund...

Security Bank acquires 25% stake in Home Credit

Security Bank Corp. said Friday it completed the acquisition of a 25-percent stake in HC Consumer Finance Philippines Inc. (HCPH), also known as Home...

Several banks plan to buy 49% stake in fixed-income exchange

Several member banks of the Bankers Association of the Philippines (BAP) plan to acquire up to a 49-percent stake in the Philippine Dealing and...

Razon set to acquire controlling stake in Malampaya from Uy

Prime Infrastructure Holdings Inc. of businessman Enrique Razon Jr. announced plans Thursday to acquire a controlling stake in the Malampaya deep-water gas-to-power project, one...
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