- | $ACEPH signed a deal for the acquisition of Negros Island Solar Power Inc. (Islasol) |
- | Islasol owns and operates an 80-megawatt (MW) solar farm in Negros Occidental |
- | Based on the agreement, the Islasol shareholders will transfer all of their shares of stock to the $ACEPH |
| Buying another company |
AC Energy Philippines, Inc. has signed a share purchase agreement with Macquarie Infrastructure Holdings (Philippines) Pte. Ltd., Langoer Investments Holding B.V., and the Government Service Insurance System for the acquisition of their ownership interest in Negros Island Solar Power Inc. (Islasol). It added that the acquisition expands the company’s “strategic objective” to achieve at least 2 gigawatts of attributable renewable energy capacity by 2025.
Business World
December 4, 2019 9:12 am
