Business
Wednesday, 01 February 2012 09:27    Print
EDC inaugurates rural health building in Valencia

Improved health and medical services are now available to the residents of Valencia, Negros Oriental after Energy Development Corporation (EDC) handed over the new rural health building to the local government on January 19, 2012.

EDC chairman emeritus Oscar M. Lopez (OML) led the unveiling ceremony together with chairman and CEO Federico R. Lopez, senior vice president Marcelino Tongco, vice president for Southern Negros Geothermal Production Field Engr. Dwight Maxino and Valencia Mayor Enrique Gonzalez.

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Wednesday, 01 February 2012 09:26    Print
FPH Group signs agreement to sell more Meralco shares

First Philippine Holdings Corporation’s (FPH’s) whollyowned subsidiary, First Philippine Utilities Corporation, entered into a share purchase agreement with Beacon Electric Asset Holdings for the sale of FPH’s 2.66% stake in Meralco.

The sale covers 30 million common shares of Meralco at a price of P295 per share or a total of P8.85 billion. After completion of the transaction, FPH will continue to own approximately 3.9% of Meralco.

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