Published 08/22/2024 9:42:28 a.m.

Razon firm acquires majority stake in Bohol power utility

Summary by Manila Bulletin

Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70% majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares.Following the shares unloading of SPC Power, Primelectric will be infusing P1.0 billion investment into BLCI and will also take over the distribution firm’s management and operations helm.Announ…

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Manila Bulletin

Razon firm acquires majority stake in Bohol power utility

Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70% majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares.Following the shares unloading of SPC Power, Primelectric will be infusing P1.0 billion investment into BLCI and will also take over the distribution firm’s management and operations helm.Announ…

08/22/2024 9:42:28 a.m.

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