Leviste’s RE firm grows land assets
SP New Energy Corp., along with its subsidiaries, has secured more than 4,000 hectares of land in Nueva Ecija, Bulacan, Tarlac and Batangas provinces. These lands will be utilized for the development of the company’s large-scale renewable energy projects. In a stock report on Wednesday, SPNEC said over 3,000 hectares of the assets were secured […]
SPNEC starts after initial asset buyout
SPNEC has acquired shares in Solar Philippines Tarlac Corp. and Solar Philippines Rooftop Corp., with a consolidated capacity of over 100 MW of operational solar power plants, plus one other under construction with over 50 MW. Source: Daily Tribune
MPIC hikes investment in Leviste’s power firm
Infrastructure investment firm Metro Pacific Investments Corp. now has the option to invest up to P23.75 billion in SP New Energy Corp., or SPNEC, in exchange for 19 billion shares. MPIC, SPNEC, and its parent firm Solar Philippines Power Holdings, Inc., last 5 May, signed definitive agreements granting MPIC or its affiliates the option […]
Metro Pacific poised to become SPNEC’s largest shareholder
METRO Pacific Investments Corp. (MPIC) said on Monday that it had completed the acquisition of 1.6-billion common shares or an equivalent of 16% of the outstanding shares in SP New Energy Corp. (SPNEC). In a regulatory filing, MPIC said that an agreement was also executed granting it an option to acquire up to 10-billion primary […]
MPIC to acquire up to 43% of SPNEC
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate led by Manuel V. Pangilinan, is acquiring up to 43 percent of SP Energy Corp. (SPNEC) for P24 billion. MPIC, Solar Philippines Power Project Holdings Inc. (SPPPHI) and SPNEC, have signed definitive agreements granting MPIC or its affiliates the option to invest […]
MPIC to invest P22B in SPNEC
Metro Pacific Investments Corp. (MPIC) is looking to invest as much as P21.75 billion into SP Energy Corp. (SPNEC) on top of the P2 billion it invested in the company in March. SPNEC said it signed an option agreement with MPIC and its mother company, Solar Philippines Power Project Holdings Inc., for MPIC to acquire […]
MVP Group joins forces with SPNEC to power the Philippines with renewable energy, seals deal to acquire up to 43% of Leviste-led firm
Bilyonaryo Manny V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) has secured the option to invest P23.75 billion in Solar Philippines Power Project Holdings, Inc. and SP New Energy Corp., a move that will make the infrastructure conglomerate the largest shareholder holding around 42.82 percent of SPNEC. Source: Bilyonaryo
Metro Pacific buying P24b worth of shares to increase stake in SP New Energy to 43%
Metro Pacific Investments Corp. is increasing its stake in renewable company SP New Energy Corp. to 43 percent for P24 billion. SPNEC said in a stock exchange filing Monday its board approved an option agreement that would allow MPIC to acquire another 17.4 billion SPNEC shares including 10 billion primary shares for P12.5 billion and […]
MPIC could become SPNEC’s biggest owner for P23.75 B
Metro Pacific Investments Corporation (MPIC) has signed definitive agreements for an option to invest up to a total of P23.75 billion for 19 billion shares and becoming the largest shareholder with approximately 42.82 percent of SP New Energy Corporation (SPNEC). In a disclosure to the Philippine Stock Exchange, SPNEC said the option agreement granting MPIC […]
