Manila Electric Co. (Meralco) on Monday said that it had completed the acquisition of 28,053 common shares of CIS Bayad Center, Inc. (CBCI) from Japanese firm Densan System Co., Ltd. (Densan) for P241.5 million.
The transaction gave Meralco a 5-percent stake along with units Customer Information Solutions Inc., which owns 85 percent), and Kayana Solutions, Inc. that has 10 percent.
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