AYALA-LED Manila Water Co., Inc. has completed the acquisition of a minority stake in a listed water company in Thailand.
Manila Water said on Thursday its subsidiary Manila Water (Thailand) Co., Ltd. (MWT) acquired an 18.72 percent stake, or 311.44 million ordinary shares, in Eastern Water Resources Development and Management Public Co. Ltd. (East Water) for 5.23 billion baht or about P8.6 billion.
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