By Mars Woo
AboitizPower International struck a Share Purchase Agreement with SunE Solar BV, the parent company of SunEdison Philippines BV, for the deal.
The 40% acquisition will give Metrobank full ownership of MCC, one of the leading credit card companies in the Philippines.
In an advisory, the BSP advised the public to be cautious regarding the acquisition, possession, and trading of virtual currencies or dealing with related offers, even as it reiterated that it does not endorse these currencies as legal tender, store of value, or an investment vehicle.
Willibaldo Uy, and Alexander Sotto will take charge as as president and CEO, and chief operating officer of the company, respectively.
The planned acquisition is in line with Cirtek’s strategy to expand its business.
Philippine-listed Golden Haven Memorial Park is entering the country’s mass housing market through its acquisition of Bria Homes for $65 million.
The project cost for the duration of the 25-year concession is estimated at P12.35 Billion, with an initial equity investment of P600 million in 2018
The conglomerates plan to submit an unsolicited proposal to the Department of Transportation for upgrading the airport after years of battling with each other to grab the $1-billion project.
PE firm Sierra Madre remains positive about the local market which it considers to be “underserved by global and regional PE funds, local banks, and large strategic players.”
H2O Ventures is an investment holding company engaged in the operation, maintenance, and distribution of water supply systems.