STATE-run pension fund Government Service Insurance System is investing P1.45 billion in Alternergy Holdings Corp. , according to the publicly-listed renewable energy firm.
“Following our IPO in March, the equity infusion from GSIS will significantly boost our equity base as part of our medium-term capital raising program. This landmark offering was strategically arranged and made possible by our long-time financial advisor, the Investment & Capital Corp. of the Philippines,” Alter President Gerry P. Magbanua was quoted in a statement as saying.
GSIS President and General Manager Jose Arnulfo A. Veloso said Alter’s strong emphasis on RE complements and supports its growing commitment to sustainability.
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