Philippine Energy Co. Drops $1.2B On Power Plant Stakes
By Fola Akinnibi ( October 4, 2016, 1:27 PM EDT) -- A unit of Philippine energy company Aboitiz Power Corp. said Tuesday that it plans to buy interests in two coal-fired power plants from funds managed by the Blackstone Group LP in a $1.2 billion cash deal that moves the company closer to its growth target....
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