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CVX Chevron Corporation

162.67
0.37 (0.23%)
After Hours
Last Updated: 22:02:00
Delayed by 15 minutes
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

Ayala Corp. Divesting From Three Hydroelectric Companies

03/01/2017 2:54am

Dow Jones News


Chevron (NYSE:CVX)
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   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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