Greenergy Holdings Inc. (Greenergy) has formally exited the renewable energy joint venture with a Swiss-German firm by selling off its entire stake in the project for P400 million.

A filing with the Philippine Stock Exchange on Thursday showed that Greenergy has divested its 60 percent equity interest in Biomass Holdings Inc. (BHI)—its joint venture with Cleantech—in favor of ThomasLloyd Cleantech Infrastructure Fund GMBH for an aggregate P400.5 million.

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