MPIC, Solar Philippines ink investment deal

Metro Pacific Investments Corp. (MPIC) has signed an agreement with Solar Philippines Power Project Holdings Inc. (SPPPHI) and listed SP New Energy Corp. (SPNEC) which will grant MPIC or its affiliates the option to increase its stake in the solar company.

According to their respective disclosures, MPIC will have the option to invest up to a total of P23.75 billion for 19 billion shares and become the largest shareholder with approximately 42.82 percent of SPNEC.



Business Mirror