Philippines: AboitizPower to pay Blackstone $1.2b in GNPower deal

Philippines: AboitizPower to pay Blackstone $1.2b in GNPower deal

GNPower - Mariveles power plant (visual from Ayala Corp website)

Philippine power titan Aboitiz Power Corp (AboitizPower) will pay around $1.2 billion in its purchase of all partnership interests held by affiliated investment funds of US-based private equity the Blackstone Group LP in two power facilities in Bataan province.

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