PH Digest: Ayala arm buys Phinma Energy; Petron raises $390m in preferred shares

PH Digest: Ayala arm buys Phinma Energy; Petron raises $390m in preferred shares

Photo from AC Energy's website.

Philippines conglomerate Ayala Corp said its energy arm, AC Energy, has completed its acquisition of Phinma Energy for about $122 million while Petron Philippines completed its $390-million preferred share offer.

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