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BIZ BUZZ: Maharlika-NGCP deal fizzles out
MANILA, Philippines — The deal earlier struck by sovereign wealth fund Maharlika Investment Corp. to buy into National Grid Corporation of the Philippines (NGCP), the country’s privatized electricity superhighway, hasn’t been consummated more than a year after document signing. And most likely, President Marcos will finish his term without the state getting a foothold in this much-coveted energy infrastructure. “They didn’t come back to us. Pataas ng pataas presyo (Share prices have been rising) but they didn’t come back anymore,” said Henry Sy Jr., chair of NGCP parent firm Synergy Grid & Development Phils. Inc. When Maharlika signed the agreement to acquire […]...Keep on reading: BIZ BUZZ: Maharlika-NGCP deal fizzles out
MANILA, Philippines — The deal earlier struck by sovereign wealth fund Maharlika Investment Corp. to buy into National Grid Corporation of the Philippines (NGCP), the country’s privatized electricity superhighway, hasn’t been consummated more than a year after document signing. And most likely, President Marcos will finish his term without the state getting a foothold in this much-coveted energy infrastructure. “They didn’t come back to us. Pataas ng pataas presyo (Share prices have been rising) but they didn’t come back anymore,” said Henry Sy Jr., chair of NGCP parent firm Synergy Grid & Development Phils. Inc. When Maharlika signed the agreement to acquire […]...
Keep on reading: BIZ BUZZ: Maharlika-NGCP deal fizzles out
Keep on reading: BIZ BUZZ: Maharlika-NGCP deal fizzles out
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