APEC 2015 APEC 2015 APEC 2015

Trans-Asia Oil buys out Holcim in power firm


10:39 PM January 2nd, 2013

January 2nd, 2013 10:39 PM

Trans-Asia Oil and Energy Development Corp. has bought out its partner in Trans-Asia Power Generation Corp.

In a disclosure to the Philippine Stock Exchange on Wednesday, Trans-Asia Oil said it had signed on Jan. 1 a share purchase agreement that allowed it to acquire Holcim Philippines Inc.’s 50-percent stake in Trans-Asia Power. The deal gave Trans-Asia full ownership of the power firm.

The companies, however, did not give other details of the deal and officials were unavailable for interview as of press time.

Trans-Asia Power currently owns and operates a 52-megawatt diesel-fed power facility in Bulacan.—Amy R. Remo

Disclaimer: Comments do not represent the views of We reserve the right to exclude comments which are inconsistent with our editorial standards. FULL DISCLAIMER

For feedback, complaints, or inquiries, contact us.