CONGLOMERATE Metro Pacific Investments Corp. (MPIC) said on Monday it has agreed to acquire an additional 25 percent interest in Beacon Electric Asset Holdings from PLDT Communications and Energy Ventures Inc. (PCEV), a subsidiary of sister company Philippine Long Distance Telephone Co. (PLDT) for P26.2 billion.

In a disclosure to the Philippine Stock Exchange, MPIC said that it has entered into a sales and purchase agreement with PCEV to acquire a further 25 percent interest in Beacon Electric.

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