Energy Holdings Inc., the power generation arm of the Ayala Group, has acquired a controlling stake in NorthWind Power Development Corp. (NorthWind).
In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, AC Energy said that through its wholly owned subsidiary Presage Corporation (Presage), it has increased its ownership interest in Northwind by an additional 17.79 percent, raising its stake to 67.79 percent from 50 percent previously.
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