LISTED oil company Petron Corporation said on Monday all conditions for the completion of the sale of its shares in Manila North Harbour Port Inc. (MNHPI) to port operator International Container Terminal Services Inc. (ICTSI) had been complied with.
The conditions cover a share purchase agreement for the sale by Petron of 10.4 million shares in Manila North Harbor Port—equal to 34.83 percent of MNHPI’s outstanding shares—to ICTSI, the oil firm said in a disclosure to the Philippine Stock Exchange (PSE).
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