Citicore raises P5B from share sale to SM Investments

MANILA, Philippines — Citicore Renewable Energy Corp. (CREC) of tycoon Edgar Saavedra has raised P5 billion from the sale of its shares in its real estate investment trust to Sy-led SM Investments Corp., unlocking a new era of sustainability for the country’s largest blue chip conglomerate. CREC on Wednesday said it sold 1.884 billion of
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