SPNEC, founded by businessman Leandro Leviste, said in a disclosure on Wednesday that MGreen had “given the balance payment of P8.89 billion on December 27, 2023” to complete the acquisition.   Source: Manila Times

Tycoon Manuel V. Pangilinan (MVP) will take control of SP New Energy Corporation (SPNEC), as Meralco’s renewable energy development unit MGreen completed its majority purchase.   Source: CNN

Businessman Manuel V. Pangilinan is taking the lead at the SP New Energy Corp., after his company, MGen Renewable Energy, firmed up its P15.9 billion investment in the solar energy firm founded and established by young entrepreneur Leandro Leviste.   Source: Daily Tribune

BUSINESSMAN Manuel V. Pangilinan is set to become chairman of SP New Energy Corp. (SPNEC), after MGen Renewable Energy (MGreen) completes its P15.9-billion investment in the solar energy firm founded by Leandro Leviste. In a disclosure to the Philippine Stock Exchange, SPNEC said MGreen made its balance payment of P8.9 billion to complete the acquisition. […]

SP New Energy Corp. (SPNEC) has acquired Prime Infrastructure Inc.’s (Prime Infra) entire stake in a joint venture company, Terra Solar Philippines Inc. (TSPI).   Source: Manila Times

Solar Philippines New Energy Corp. (SPNEC), a subsidiary of Solar Philippines, appointed Meralco PowerGen Corp. (MGen) chief financial officer (CFO) Rochel Donato Garcia as its new treasurer and officer.   Source: Manila Bulletin