Trans-Asia Oil buys out Holcim in power firm
Trans-Asia Oil and Energy Development Corp. has bought out its partner in Trans-Asia Power Generation Corp.
Trans-Asia Oil and Energy Development Corp. has bought out its partner in Trans-Asia Power Generation Corp.
President Aquino has approved the Department of Transportation and Communications’ plan to take over the Metro Rail Transit Line 3, which was estimated to cost the government roughly $1 billion.
The Ayala group’s takeover of financially distressed Bayan Telecommunications Inc. is likely pushing through following huge acceptance of the latter’s creditors of Globe Telecom’s offer of a way out.
The government is preparing to take over the Metro Rail Transit (MRT) line 3 as it draws up plans to buy out private groups invested in the commuter train system.
The Metrobank group plans to bring its investment house, First Metro Investment Corp., back to private hands and is now preparing an offer to buy out the minority shareholders at P89 per share.
Local property giant Ayala Land Inc. has bought out Saudi conglomerate Kingdom Holding Co. from their partnership in the Fairmont Hotel and Raffles Suites and Residences project in Makati, thus taking 100 percent control of the project ahead of the opening of the newest hotel properties in the central business district.
