# Philippine H2O Ventures sells water business to Tabuk Water for P442 million

Philippine H2O Ventures Corp. has signed a share purchase agreement to sell its subsidiary Calapan Waterworks Corp. to Tabuk Water Corp. for P442 million, as part of a spin-off of its water business.

- Type: Acquisition
- Announced: 2018-02-22
- Where: Calapan City, Oriental Mindoro, Philippines, Philippines
- Value: $8.50M (442.0M PHP)
- Status: announced
- Products: water supply services
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Philippine H2O Ventures Corp.](https://endata.com/companies/30236.md) (target)
- [Tabuk Water Corp.](https://endata.com/companies/30237.md) (acquirer)
- [Calapan Waterworks Corp.](https://endata.com/companies/30238.md) (target)
- [Jolliville Holdings Corp.](https://endata.com/companies/30239.md) (partner)

## Sources

- [gmanetwork.com](https://www.gmanetwork.com/news/money/companies/644362/philippine-h2o-ventures-to-spin-off-water-business/story/), 2018-02-22: "The sale of water business involves the sale by H2O of all its shares and interests in Calapan Waterworks Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.