LISTED Phoenix Petroleum Philippines Inc. announced it has completed and the acquisition of Petronas Energy Philippines, Inc. (PEPI), a step closer to expanding its liquefied natural gas (LNG) portfolio.
The independent oil distributor told the Philippine Stock Exchange (PSE) on Tuesday that it and PDB (Netherlands) B.V. have completed and closed the transaction involving the 100 percent acquisition of PDB’s shares in Petronas Energy and in Duta, Inc.
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