Philippines’ AboitizPower to buy power plant stakes for $1.2 bln

4 months ago Comments Off on Philippines’ AboitizPower to buy power plant stakes for $1.2 bln

MANILA, Oct 4 (Reuters) – The Philippines’ Aboitiz Power Corp said on Tuesday it will acquire stakes held by funds managed by Blackstone Group LP in a local coal-fired power plant and another power project under construction for about $ 1.2 billion.


Reuters: Financial Services and Real Estate