$3.3-B LNG powerhouse starts equity revamp

MANILA, Philippines  —The subsidiaries of distributor Manila Electric Co. (Meralco) and Aboitiz Power Corp. have agreed to form a joint venture meant to move the country’s liquefied natural gas (LNG) market forward. In separate disclosures to the Philippine Stock Exchange on Monday, the companies said Meralco PowerGen Corp. (MGen) would take a 60-percent stake in
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