Announced
Financials
Tags
Philippines
Acquisition
gas fields
Single Bidder
Majority
Private
Pending
Domestic
Friendly
Offshore Drilling and Other Services
Synopsis
Prime Infra Holdings, a utility and infrastructure company, agreed to acquire a majority stake in Malampaya gas field, a natural gas field, from Udenna, a holding company. Financial terms were not disclosed. “We look forward to this opportunity to partner with Prime Infrastructure and PNOC EC, as we explore more ways to fulfill our common vision to make Malampaya sustain its capability to meet the urgent energy security need of the Philippines,” Dennis Uy, Udenna Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.