Pangilinan buys P2.19-billion Meralco stake from San Miguel power unit
Meralco chairman and CEO Manuel V. Pangilinan has signed a deal to buy 3.77 million Meralco common shares from San Miguel Global Power Holdings Corp. at P580.99 each, worth P2.189 billion, BusinessWorld reported, citing a regulatory filing made on Tuesday. The block is about 0.33% of Meralco's outstanding shares. It follows a deal by Metro Pacific Investments Corp., which Pangilinan chairs, to buy P12.4 billion worth of Meralco shares from the same seller.
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Written and translated by AI (Claude) using only the reports listed below. Read the full story at the original source.