Deal with Sys to make Citicore IPO attractive, say analysts

MANILA, Philippines — The landmark P5-billion share sale deal between tycoon Edgar Saavedra’s Citicore Renewable Energy Corp. (CREC) and Sy family-led SM Investments Corp. could help attract more investors for the former’s upcoming initial public offering (IPO) and beef up its solar power portfolio with fresh capital, according to analysts. Juan Paolo Colet, managing director
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