Cosco Capital to buy Nueva Vizcaya hydropower plant

By Ed Paolo Salting

Jul 05, 2024 12:19 am

COSCO Capital Inc., the listed retail holding company of business mogul Lucio Co, is eyeing the acquisition of another hydropower facility to boost its energy portfolio.

In a disclosure on Thursday, Cosco said that its board of directors had approved a plan to buy 9,176,317 outstanding shares of Matuno River Development Corp. (MRDC) at a price below 10 percent of Cosco's total book value.

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