ABOITIZ Power Corp. on Friday announced that the company has agreed to acquire an additional 35.4-percent equity stake in STEAG State Power Inc. for $36.08 million.

In a disclosure to the stock exchange, AboitizPower said its board of directors approved the acquisition on Aug. 24, 2022.

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