AboitizPower closes deal for fresh stake in coal plant operator

MANILA, Philippines — Aboitiz Power Corp., the Aboitiz Group’s listed energy platform, sealed an $11-million (approximately P633.5 million) deal that raised its stake in a coal-fired power plant operator in Mindanao. In a disclosure on Friday, AboitizPower said it completed the acquisition of German power firm STEAG GmbH’s remaining 15.6-percent equity stake in STEAG State
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