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GIC, Macquarie explore $2.6 billion stake sale in Philippine renewable energy firm, sources say

The Straits Times LogoThe Straits Times1w ago

GIC, Macquarie explore $2.6 billion stake sale in Philippine renewable energy firm, sources say - The Straits Times

Quick Summary:

EDC is the Philippines’ biggest renewable energy firm.

The rest of EDC is mostly held by Philippines tycoon Federico Lopez’s First Gen Corp.

A press release at the time said they planned to pay US$1.3 billion for up to 31.7 per cent of the company.


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GIC, Macquarie explore $2.6 billion stake sale in Philippine renewable energy firm, sources say - The Straits Times (Picture 1)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 12:12:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23211260

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About The Straits Times

The Straits Times Logo

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 10 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 8 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

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  • URL: https://beamstart.com/news/gic-macquarie-explore-26-billion-17296588983427

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