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Vivant Energy expands in Mindanao with new acquisition


Published February 24, 2021, 7:30 AM
Garcia-led Vivant Energy Corporation has expanded its power investments in Mindanao, and this was concretized via an equity acquisition in power generation facility owned by Senator Juan Miguel Zubiri.
In a disclosure to the Philippine Stock Exchange (PSE), Vivant stated that, in tandem with its subsidiary firm Amberdust Holding Corporation (AHC), they will be acquiring 90-percent of the outstanding shares of the Bukidnon Power Corporation (BPC) and North Bukidnon Power Corporation.
The majority shares purchase will require Vivant to pay P205,539,482.54 to seller BPC; and another P228,282,140.96 for the shareholdings of North Bukidnon Power. The two firms are owned by the lawmaker, whose family and vast properties are in Bukidnon. ....

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