Ayala to Acquire Strategic Stake in the GNPower Mariveles 600-MW Power Plant
Ayala Corporation announced today that it entered into a sale and purchase agreement to acquire 100% of the interests held by an affiliate of a fund advised by Denham Capital in GNPower Mariveles Coal Plant Ltd. Co. (GMCP). GMCP is the owner of the 2 x 300-MW coal-fired power generating plant in Mariveles, Bataan province….