HAGUE-BASED Climate Fund Managers (CFM) has invested P1.6 billion for a minority stake in Tubig Pilipinas Group Inc. (TPGI), its first venture in the Philippines.

"CFM's initial commitment to TPGI is P1.6 billion and will be disbursed in tranches as required, with capacity to increase its commitment based on expansion opportunities," CFM head of Asia Nathan Schmidt told The Manila Times.

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