Update on GIC Private Limited’s Php 20bn Investment in AC Energy Philippines
5 January 2021 – On 30 December 2020, AC Energy Philippines (PSE: ACEN) and its parent company, AC Energy and Infrastructure Corporation (“AC Energy”; formerly, AC Energy, Inc.), signed an Investment Agreement with Arran Investment Pte Ltd, an affiliate of GIC Private Limited (“GIC”), for GIC’s acquisition of an effective 17.5% ownership stake in ACEN…