SM 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.
, at a price of P2.6534/share. The shares were all secondary, meaning that the money that SM paid for the shares went to
shares.” In the associated press release, ’s single largest shareholder at 32.88%. While the price SM paid is at a ~5% discount to
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