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Acquisition of an LNG terminal: three Philippine energy giants close $3.3 billion in financing

30/01/2025
Source : ORISHAS FINANCE
Categories: Sectors

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In statements on the Philippine Stock Exchange on Tuesday, January 28, dernier, trois giants

de l' énergie have announced the finalization of the financing, paving the way for their liquefied natural gas (LNG) partnership project.

Manila Electric Company (Meralco), Aboitiz Power Corporation ( AboitizPower ) and San Miguel Global Power Holdings Corporation (SMGP), strengthened their alliance with the recent financial closing of a $3.3 billion deal (approximately $192.9 billion). ). Selon les informations, le financement soutiendra the joint investment by MGen and TNGP, via Chromite Gas Holdings, Inc. (CGHI), to acquire the LNG import and regasification terminal from Linseed Field Corporation (LFC) in Batangas. According to Meralco, “MGen and TNGP hold 60% and 40% of the shares of CGHI respectively. At the end of these transactions, CGHI will own 67% of SPPC, EERI and IPIEC.” A press release states that “SMGP will hold a 33% stake in SPPC, EERI, IPIEC and LFC.” These acquisitions augmentent la participation de CGHI dans les trois sociétés énergétiques, tandis que San Miguel maintains

its participation.
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