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

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

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

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.

1678154860_GBPC-Alsons-Commission-Decision-No.-24-M-031-2017-1.pdf

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