Meralco PowerGen to fully acquire Global Business Power Corp.

Meralco PowerGen Corporation (MGen) will acquire the remaining 86% of Global Business Power Corporation (GBP) from Metro Pacific Investments Corporation and JG Summit Holdings Inc. for a total of PHP 34.466 billion, making GBP a wholly-owned subsidiary.

“Meralco PowerGen Corporation (MGen), a wholly-owned generation subsidiary of the Manila Electric Co. (Meralco), is set to fully acquire and take over Global Business Power Corporation (GBP).”mgen.com.ph

• 1 source
• mgen.com.phMeralco PowerGen to take over Global Business Power Corp. - Meralco PowerGenadminmgenJan 4, 2021

Summarized from public sources; check the original articles before acting on it.