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Article: Philippines: Meralco share-sale talks stall.

Article from:
TendersInfo
Article date:
November 4, 2009
Copyright

Byline: babalu03

TALKS with the Lopezes for the Pangilinan group s planned acquisition of half of the former s remaining stake in Manila Electric Co. (Meralco) have stalled after a third party made a more attractive offer for the shares in the country s biggest electricity distributor.

It came as a surprise for us. May pumasok eh Someone came in . Obviously they Lopez family may consider that offer, Manuel Pangilinan, chairman of Philippine Long Distance Telephone Co. (PLDT) and Metro Pacific Investments Corp. (MPIC), said in reaction to the offer made by Triratna Holdings Corp.

Triratna is co-owned by Henry Sy Jr. of the SM group, San Miguel ...

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