SM Investments Corp. (SMIC) has acquired 81 percent of Allfirst Equity Holdings Inc. for P15.73 billion, thus gaining full ownership of the operator of the Tiwi and Mak-Ban steam fields in Albay. In a regulatory filing, SMIC said it has bought out its partners in Allfirst in exchange for shares, which are still subject to … Continue reading SMIC takes over Tiwi, Mak-Ban steam fields in P15.73-B deal