Manila Water buys 70% of Laguna utility operator

MANILA, Philippines — Manila Water Co. Inc. of tycoon Enrique Razon Jr. is cornering a 70-percent stake in Equipacific HoldCo Inc. (EHI) for P1.15 billion to fortify its presence in Laguna province. In a disclosure on Thursday, the listed water concessionaire said its subsidiary, Manila Water Philippine Ventures Inc. (MWPV), signed an agreement to acquire Read The Rest at :