Tag: unit
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JV of Meralco unit, PhilTower faces ‘more in-depth’ PCC scrutiny
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THE Philippine Competition Commission (PCC) on Tuesday said it has started a “more in-depth assessment” of a proposed joint venture (JV) between independent tower companies Phil-Tower Consortium, Inc. (PhilTower) and Miescor Infrastructure Development Corp. (MIDC). “On May 4, the Commission directed the PCC Mergers and Acquisitions Office to open a Phase 2…
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RLC to boost REIT unit with P33.9-B asset infusion
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GOKONGWEI-LED Robinsons Land Corp. (RLC) will infuse 13 commercial assets into its real estate investment trust (REIT) unit in exchange for P33.9 billion worth of primary common shares under a property-for-share swap deal.