MPIC becomes largest shareholder of Solar Phillippines
- Admin
- Apr 26, 2024
- 1 min read
MPIC has agreed to buy a 42.82% stake in SPNEC, the listed unit of Manila-based PV module manufacturer and project developer Solar Philippines Power Project Holdings (SPH), for PHP 24 billion. SPNEC, listed since December 2021, is in an asset-for-share swap with SPH consolidating over 8 GW of projects. MPIC contributes capital and investment expertise to grow infrastructure leaders.
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