Philippine Wealth Fund Buys Stake In Electricity Grid For $337 Million
Maharlika Investment Corp. will buy 20% of Synergy Grid and Development Philippines for $337 million, marking the sovereign wealth fund’s maiden investment.
Will Maharlika Fund’s grid investment lower your electricity bills?
While the government is optimistic that this move will help lower electricity costs, questions remain about when and how consumers will feel the impact.
Philippines' wealth fund eyes Chinese firm's shares in grid operator
The Philippines' sovereign wealth fund would be interested in buying a Chinese state firm's stake in the Southeast Asian country's power transmission operator, its president said on Tuesday, as the government seeks to boost its oversight of the national power grid.
Philippine Fund to Invest $337 Million in China-Backed Grid Firm
The Philippines’ sovereign wealth fund will acquire a 20% stake in Synergy Grid & Development Phils. Inc. for 19.7 billion pesos ($337 million), giving the government a hand in governing the China-backed power transmission operator.
PH wealth fund buys 20% stake in national grid operator
This marks its maiden investment. The Philippines’ Maharlika Investment Corporation (MIC) has made its first investment by acquiring a 20% stake in the National Grid Corporation of the Philippines (NGCP).
Philippines’ sovereign wealth fund interested in Chinese stake in grid operator
The Philippines‘ sovereign wealth fund would be interested in the stake held by China’s State Grid Corp in the operator of the country’s power grid, its president said on Tuesday. Maharlika Investment Corp president and chief executive officer Rafael Consing Jr told a press conference the wealth fund,
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Maharlika open to buying Chinese stake in NGCP
The country’s sovereign wealth fund is investing in the National Grid Corp. of the Philippines (NGCP) to allow the government ...
philstar.com2d
Maharlika Corp. chief defends 1.5-year delay in investment
It takes a bit of time in terms of looking for and executing these investments. So, I would not look at this as a delay but ...
pna2d
Maharlika open to financing nuclear power projects in PH
The Maharlika Investment Corporation (MIC) on Tuesday expressed openness to invest in projects aimed at integrating nuclear ...
Inquirer on MSN2d
First investment: Gov’t, through Maharlika, gets 20% stake in NGCP
The Maharlika Investment Fund (MIF) is buying a 20-percent stake in the National Grid Corporation of the Philippines (NGCP), ...
GMA News Online on MSN2d
Good investment or gamble? MIC investment in NGCP draw mix opinion from solons
Lawmakers on Tuesday expressed differing opinions on the decision of the Maharlika Investment Corporation (MIC) to invest in ...
pna3d
Maharlika inks deal with SGP for 20% stake in NGCP
Maharlika Investment Corporation (MIC) signed an agreement with Synergy Grid and Development Philippines Inc. (SGP) to ...
manilastandard2d
Maharlika eyes buying Chinese share in NGCP
Consing: Gov't better positioned to address grid issues The Maharlika Investment Corporation said it is open to acquiring ...
GMA News Online on MSN3d
Maharlika secures stake, board seats in SGP, NGCP
The Maharlika Investment Corporation has secured a 20% stake in Synergy Grid and Development Philippines Inc. (SGP), giving ...
philstar.com2d
No Maharlika investors yet from Marcos’ foreign trips
There have yet to be any investors directly coming from President Ferdinand Marcos Jr.'s foreign trips, according to ...