Commission Decision No. 24-M-031/2017
Acquisition by Global Business Power Corporation of shares
in Alsons Thermal Energy Corporation

Abstract:

Global Business Power Corporation, a leading power producer in the Visayas Region and Mindoro Island, will acquire 50% minus one share of the total voting and total outstanding capital stock in Alsons Thermal Energy Corporation (“ATEC”) from Alsons Consolidated Resources, Inc. (“ACR”).

ACR is a publicly-listed company of the Alcantara Group with subsidiaries engaged in power generation, property development, industrial estate management, and other investments.

See decision: http://phcc.gov.ph/commission-decision-no-24-m-0312017-acquisition-global-business-power-corporation-shares-alsons-thermal-energy-corporation/