Manila Water subsidiary acquires 70% stake in Equipacific HoldCo

Manila Water Philippine Ventures signed an SPA to acquire 70% of Equipacific HoldCo Inc., which holds 90% of Laguna Water District Aquatech Resources Corp., for an undisclosed amount. The acquisition expands MWPV's service coverage in Laguna from 21% to 27%.

“The acquisition will provide MWPV with the opportunity to optimize operational synergies with Laguna Water for the benefit of the customers in the province of Laguna.”manilastandard.net

• 2 sources
• manilastandard.netManila Water subsidiary buys 70% of Laguna’s Equipacific - Manila StandardManila Standard BusinessApr 19, 2024
• philstar.comManila Water unit spends P1.15 billion for Laguna expansion | Philstar.comJasper Emmanuel ArcalasApr 19, 2024

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