SBS sells Nueva Ecija asset to MGen unit

MANILA, Philippines – SBS Philippines Corp. agreed to sell about five hectares in Nueva Ecija to a Meralco PowerGen Corp. affiliate for P25 million as part of the MTerra Solar Project. In a disclosure on Thursday, the chemical trading firm said it has agreed to sell to MGen’s Terra Nueva Inc. (TNI) its 49,966-square-meter agricultural lot in Barangay Makabaklay, Gapan City. READ: MTerra Solar Phase 1 fully online by August “The transaction is in line with the company’s strategy to unlock value from strategic investments toward accelerating growth platforms in core business segments,” SBS said. The buyer will purchase the […]... Keep on reading: SBS sells Nueva Ecija asset to MGen unit