Aboitiz unit hikes stake in STEAG State Power
ABOITIZPOWER Corp. has completed the acquisition of an additional stake in STEAG State Power Inc., giving it an 85-percent equity interest in the energy firm. In a disclosure on Thursday, AboitizPower said it signed a share purchase agreement a day earlier for a 15.6-percent stake, equivalent to 48,202,361 common shares and 25,760,204 redeemable preferred shares, […]
Tomas Kauer - News Moderator 
ABOITIZPOWER Corp. has completed the acquisition of an additional stake in STEAG State Power Inc., giving it an 85-percent equity interest in the energy firm.
In a disclosure on Thursday, AboitizPower said it signed a share purchase agreement a day earlier for a 15.6-percent stake, equivalent to 48,202,361 common shares and 25,760,204 redeemable preferred shares, owned by STEAG GmbH in STEAG State Power Inc. for a total of $11 million.
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