Japan's JERA to invest $1.58b for 27% stake in Philippines' Aboitiz Power

Japan's JERA to invest $1.58b for 27% stake in Philippines' Aboitiz Power

Visual from AboitizPower's website.

Japan’s biggest power generator JERA said on Monday it will invest $1.58 billion to take a 27% stake in Aboitiz Power Corp in the Philippines from Aboitiz’s parent company to boost its presence in the country where power demand is growing.

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