GIC acquires minority stake in AC Energy

Date February 15, 2021
Type M&A Transactions
Subtype Transaction completed
Countries Philippines
Subsectors Multisector
Subscribe to our newsletter and get the latest news and business opportunities in your inbox

AC Energy Philippines (ACEN) and its parent company, AC Energy and Infrastructure Corporation, have completed the transaction with Arran Investment Pte Ltd, an affiliate of GIC Private Limited, for GIC’s acquisition of an effective 17.5% ownership stake in ACEN for Php20 billion (US$416.6 million).

AlphaPrimus Advisors acted as financial advisor to ACEN and AC Energy for this transaction.

Share this update

We use cookies to create the best possible browsing experience for IPP Journal website visitors. By clicking on Accept, you agree to the use of cookies.