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New Deal


Announced

Prime Infra Holdings to acquire a majority stake in Malampaya gas field from Udenna.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Philippines

Acquisition

gas fields

Single Bidder

Majority

Private

Pending

Domestic

Friendly

Offshore Drilling and Other Services

Synopsis

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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.

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