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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chevron Corporation | NYSE:CVX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.37 | 0.23% | 162.67 | 163.15 | 162.02 | 162.72 | 6,858,976 | 22:02:00 |
By Cris Larano
MANILA--Philippine conglomerate Ayala Corp. (AC.PH) said Tuesday it is selling investments in three companies that build small hydroelectric projects around the country.
Ayala said wholly-owned AC Energy Holdings Inc. is selling its 70% stake in power firms QuadRiver Energy Corp., Philnew Hydro Power Corp. and PhilnewRiver Corporation to partner Sta. Clara Group.
Sta. Clara has a 30% interest in each of the three companies.
Ayala didn't provide financial details on the transaction and didn't say why it was selling its stakes.
Just before Christmas, however, a consortium that included AC Energy won a bid for the geothermal assets of Chevron Corp. in the Philippines and Indonesia.
Write to Cris Larano at cris.larano@wsj.com
(END) Dow Jones Newswires
January 02, 2017 21:39 ET (02:39 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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