Manuel V. Pangilinan acquires additional Meralco shares from San Miguel group
Manuel V. Pangilinan is purchasing more shares in Manila Electric Co. from San Miguel Global Power Holdings.
The chair of Meralco, Manuel V. Pangilinan, entered a deal with San Miguel Global Power Holdings to buy additional stock in the utility. The transaction was disclosed by San Miguel Corp., which noted that its power subsidiary executed the share purchase agreement. This move increases Pangilinan's stake in the company.
Why it matters
The deal shifts ownership balance in the Philippines' largest electricity distributor, affecting market dynamics.
In this story
share purchaseMeralcoSan MiguelManuel V. Pangilinanutilityownership stakePhilippines
