MVP group to keep 60% stake in solar farm developer

Offloading more stake in Terra Solar Philippines is not on the table after the group welcomed a new investor over the weekend, tycoon Manuel V. Pangilinan said. Pangilinan, Manila Electric Co. (Meralco) chair, said global investment firm Actis would be the company’s “only partner” in building a P200-billion solar farm in Nueva Ecija and Bulacan.
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