PGPC: SM Investments receives approval to acquire Philippine Geothermal Production Company

SM Investments Corporation (SMIC) received approval from the Securities and Exchange Commission to acquire the 81% stake of related parties in Allfirst Equity Holdings Inc (Allfirst) in exchange for shares in SMIC. Allfirst is the holding company for Philippine Geothermal Production Company, Inc (PGPC). The transaction will bring SMIC's ownership in PGPC to 100%. The [...]