ALCANTARA-LED Alsons Consolidated Resources, Inc. (ACR) has unveiled the financial terms of its partnership with Global Business Power Corp. (GBP) through its subsidiary Alsons Thermal Energy Corp. (ATEC).
In a disclosure to the Philippine Stock Exchange (PSE), Alsons said it has agreed to sell to GBP 14.95 million shares in ATEC at a price of P159.03 per share. Alsons will also assign 50 percent of its receivables to GBP. Once closed, the transaction would be worth about P2.38 billion.
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