By Kyle Aristophere T. Atienza, Reporter
THE PHILIPPINE government through its sovereign wealth fund has agreed to buy a 20% stake in a Filipino company that has a 40% stake in the National Grid Corp. of the Philippines (NGCP), according to the presidential palace.
The Presidential Communications Office (PCO) said in a statement that the Maharlika Investment Corp. (MIC), which manages the Maharlika Investment Fund, signed a binding agreement with Synergy Grid & Development Phils., Inc. (SGP) for an undisclosed amount.
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