Trans-Asia Buys Out Holcim in Power JV

Makati—(PHStocks)—Trans-Asia Oil and Energy Development Corporation (Trans-Asia, PSE: TA) and Holcim Philippines Inc. (PSE: HLCM) has signed a Share Purchase Agreement for the purchase by Trans-Asia of Holcim’s 50% stake in Trans-Asia Power Generation Corporation (TAPGC).

TAPGC is a joint venture between Trans-Asia and Holcim. It owns and operates a 52MW power plant in Norzagaray, Bulacan.

Trans-Asia is a subsidiary of Phinma Corp. (PSE: PHN).

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