PLDT Inc. said on Wednesday its subsidiary PLDT Communications and Energy Ventures (PCEV) has entered into a share purchase agreement with Metro Pacific Investments Corp. (MPIC) for the sale of PCEV’s remaining stake in Beacon Electric Asset Holdings, Inc.
In a disclosure to the Philippine Stock Exchange (PSE), PCEV said it has sold its remaining 25 percent stake in Beacon for a total consideration of P21.8 billion, which makes MPIC the sole owner of Beacon upon completion of the sale.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.