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Metro Pacific Investments Corporation (MPIC) purchases preferred shares of stock in Beacon Electric Asset Holdings, Inc.

Metro Pacific Investments Corporation (MPIC) has entered into an agreement to purchase from PLDT Communications and Energy Ventures, Inc. (PCEV) 282,2315,413 preferred shares of stock in Beacon Electric Asset Holdings, Inc. (Beacon Electric) for an aggregate purchase price of Php3,562,777,925.00.
It will be payable on June 29, 2012. As a result of the transaction, each of MPIC's and PCEV's investments in Beacon preferred shares will amount to Php11,573 million (or Php11.57 billion) - https://www.affordablecebu.com/
 

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"Metro Pacific Investments Corporation (MPIC) purchases preferred shares of stock in Beacon Electric Asset Holdings, Inc." was written by Mary under the Business category. It has been read 1727 times and generated 0 comments. The article was created on and updated on 07 June 2012.
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