#Latest news with #SynergyGridBloomberg27-01-2025BusinessBloombergPhilippines Wealth Fund to Invest in China-Backed Grid OperatorThe Philippines' sovereign wealth fund will acquire a 20% stake Synergy Grid & Development Phils. Inc., giving the government a say in the management of the China-backed grid operator. Maharlika Investment Corp. signed a binding agreement with Synergy Grid for an undisclosed amount, according to a statement from President Ferdinand Marcos Jr.'s communications office on Monday.
Bloomberg27-01-2025BusinessBloombergPhilippines Wealth Fund to Invest in China-Backed Grid OperatorThe Philippines' sovereign wealth fund will acquire a 20% stake Synergy Grid & Development Phils. Inc., giving the government a say in the management of the China-backed grid operator. Maharlika Investment Corp. signed a binding agreement with Synergy Grid for an undisclosed amount, according to a statement from President Ferdinand Marcos Jr.'s communications office on Monday.