Business
MVP Tightens Grip on Meralco with P12.4 Billion Stake Deal
Manuel V. Pangilinan's MPIC is acquiring a 1.9% stake in power giant Meralco from business partner Ramon Ang for P12.4 billion. This deal will increase MPIC's direct and indirect shareholding to approximately 49.4%, further solidifying Pangilinan's control over the utility.
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