GIC and Macquarie Make Offer for Minority Stake in EDC

Posted on 08/03/2017

Energy Development Corporation (EDC) is the biggest producer of geothermal energy in Southeast Asia. Philippines Renewable Energy Holdings Corporation (PREHC), an investor group, offered to acquire a 31.7% stake in EDC for up to 64.525 billion PHP (US$ 1.28 billion), or around 6.6 billion to 8.9 billion common shares of EDC. PREHC is made up […]

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