Meralco PowerGen absorbs, buys out 100 pct of Global Business Power
By ABS-CBN News MANILA - Meralco's power generation firm PowerGen Corp (MGen) has acquired 100 percent ownership of Global Business Power Corp (GBP) in a move to organize the group's power assets. MGen signed agreements with JG Summit Holdings and Beacon...
MGen poised to take full control of Vis-Min power producer
By RONNEL W. DOMINGO | Philippine Daily Inquirer Meralco PowerGen Corp. (MGen) signed agreements with a firm under the Manuel Pangilinan-led group as well as JG Summit to fully own Global Business Power Corp. (GBP), for a combined transaction worth about P34.4...
Meralco PowerGen buys GBP for P34B
By Maria Romero | The Daily Tribune The group of businessman Manuel V. Pangilinan, through Meralco PowerGen Corporation (MGEN), fully acquires tycoon George Ty’s power company, Global Business Power Corporation (GBP), for P34 billion. In a disclosure on...