meralco

The Philippine conglomerate tells FinanceAsia that it is looking to bulk up in areas in which it is already operating but is wary of dabbling in too many businesses.

The deal accounts for less than 20% of the San Miguel group’s entire stake and is priced at a 10.7% discount.

Hong Kong’s First Pacific attracts strong demand for its bonds, allowing the issuer to raise an extra $100 million.

PLDT's Beneficial Trust Fund offloads 6.95% of the Philippine infrastructure company, representing almost half its stake.

Metro Pacific Investments uses a right of first refusal to match the valuation of a bid by Henry Sy Jr that would have given the San Miguel group and its allies absolute control of Meralco.

The Philippine infrastructure investment company sells new shares to pay for the acquisition of a stake in Meralco and boosts its free-float to above 20% in the process.

Philippine infrastructure investment company Metro Pacific Investments is selling new shares to pay for its Meralco acquisition and to increase its free-float.