Philippine Billionaire Sy Family’s SM Investments Takes Over Geothermal Company In $304 Million Deal
- Monday, April 4, 2022, 4:49
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SM Investments Corp. (SMIC) said it will take full ownership of Philippine Geothermal Production Co. in a 15.7 billion peso ($304 million) all-share deal as the country’s largest conglomerate by market capitalization seeks to lower its carbon footprint.
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