Citicore Renewable Energy Corporation [CREC 3.88 pre-IPO] [link], the parent company of Citicore Energy REIT [CREIT 2.85 unch; 37% avgVol], has scheduled its IPO for May 31 after postponing its listing due to market conditions and negotiating a P5 billion stock sale of CREIT shares to the SM Investments [SM 975.00 ?0.5%; 156% avgVol] group.
, has scheduled its IPO for May 31 after postponing its listing due to market conditions and negotiating a P5 billion stock sale of CREIT shares to the is going to beat CREC to market and be the PSE’s first IPO of 2024, CREC is going to be the first voluntary IPO and the first non-secondary IPO of the year.
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SM Investments buys 28.79% stake in CREIT for P5-BSM Investments spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT from CREIT’s parent company, Citicore Renewable Energy Corp., at a price of P2.6534/share.
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Citicore Energy REIT doesn’t deny report of potential 30% stake saleCiticore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”.
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Aboitiz jacks up capex to P153 billion mainly for renewable energy pushAboitiz Group president and CEO Sabin Aboitiz says investing in sustainable energy sources benefits the environment and 'also makes good business sense'
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Capitol to ink deal for renewable energySunStar Publishing Inc.
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ACEN, BrightNight to invest $1.2B in local renewable energy projectsACEN Corp. and US-based BrightNight LLC have teamed up again to develop one gigawatt (GW) of renewable energy (RE) projects in the Philippines. The two companies are investing $1.2 billion in RE projects in the country over the next five years.
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CREIT FY23 profit: P1.4-B (up 12%)Citicore Energy REIT posted an FY23 net income of P1.40 billion, up 11.6% from its FY22 net income of P1.25 billion, powered by CREIT’s “strong guaranteed lease base” and new contributions from FY23 acquisitions from its parent company, Citicore Renewable Energy Corp.
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