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Vivant to invest P433.8 million in Zubiri's power firms

Vivant to invest P433.8 million in Zubiri's power firms
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Vivant Energy acquires 2 Bukidnon power firms

SunStar
+
February 23, 2021
VIVANT Energy Corp. expands its investment in Mindanao by acquiring equity interest in Bukidnon Power Corp. (BPC) and North Bukidnon Power Corp. (NBPC) of Sen. Juan Miguel Zubiri.
BPC and NBPC were developed by the Mindanaoan senator to address the intermittent brownouts that were plaguing the region at that time.
Vivant Energy and its wholly owned subsidiary Amberdust Holding Corp. will acquire 90 percent of the outstanding shares of BPC and NBPC from its existing shareholders through share sale and purchase agreements. The purchase price for 90 percent of the shares in BPC is P205,539,482.54 and the purchase price for 90 percent of the shares in NBPC is P228,282,140.86. ....

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