1/9/2024
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Macquarie : Capital and partners complete transaction to create one of the Philippines’ largest independent tower companies
Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group, today announced that PhilTower Consortium Inc (PhilTower) and Miescor Infrastructure Development Corporation (MIDC) have completed a transaction that creates one of the largest independent telecommunications towers companies in the Philippines.
This new entity is owned by a consortium of reputable global and local investors including Macquarie Capital, Stonepeak, Manila Electric Company (Meralco) and Global Network Inc.
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Actis to invest USD600 million for 40% stake in Philippines’ Terra Solar project
British investment firm Actis has signed a strategic partnership with Meralco Powergen Corporation (MGen) and its subsidiary Solar Philippines New Energy Corporation (SPNEC) to invest USD600 million in the Philippines’ Terra Solar project.
Under the agreement, Actis will acquire a 40% equity stake in the project through the issuance of new shares by SPNEC.
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Actis to invest USD600 million for 40% stake in Philippines’ Terra Solar project
How Ayala Land, Inc. is leading the green revolution
Ayala Land acquired a commercial property in Quezon City as part of its ongoing strategy to expand its presence in Metro Manila's growing business districts. The acquisition is a strategic move to develop more mixed-use communities, integrating residential, office, and retail spaces in one location. The specific financial terms were not publicly disclosed; however, the development aligns with Ayala’s broader investment focus on sustainable and green projects across Metro Manila.
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How Ayala Land, Inc. is leading the green revolution
SM Prime, Guun of Japan sign joint venture on material recovery facility:
SM Prime Holdings Inc. teamed up with Guun Co. Ltd of Japan to actively participate in developing infrastructure for systematic waste management and resource recovery, following the best practices of the north Asian nation.
The joint venture aims to reduce the landfill impact from both SM Prime and non-SM Prime managed properties, complementing the material recovery facility operations of the Local Government Units (LGUs). SM Prime holds 70 percent of the equity in the Philippine joint venture company.
Holcim to invest USD6.5m million in La Union cement plant:
Cement giant Holcim Philippines is ramping up its sustainability efforts with a hefty USD6.5m million investment in its Bacnotan plant in La Union province.
The company announced its plans to construct new storage and feeding facilities to boost the use of low-carbon alternative fuels and raw materials by 40 percent. The construction of the new facilities is set to be completed by the second half of next year, following an agreement with Sinoma CBMI PH Construction Corp., a long-time global partner of Holcim.
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SM Prime, Guun of Japan sign joint venture on material recovery facility
Japan firm taking 6.6 percent stake in MPTC for USD210 million
A Japanese joint venture is set to take a 6.6% stake in Metro Pacific Tollways Corp. (MPTC) as part of a USD210 million deal with conglomerate Metro Pacific Investments Corp. (MPIC).
MPIC last week entered into a framework agreement with Mit-Pacific, a joint venture between Mitsui & Co. Ltd. and Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development, for a proposed share buyback and issuance of exchangeable bond.
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Japan firm taking 6.6 percent stake in MPTC for USD210 million
Note: Deal values only include disclosed completed deals with amounts restricted to local scene i.e. amounts related to the Philippine entity and/or business. Rumored, announced, or planned deals not included. Cross-posted deals are also adjusted to avoid double count.
*USD 1.00 = PHP57.00 as of 09/10/2024