SM Investments buys 28.79% stake in CREIT for P5-B

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المملكة العربية السعودية عناوين أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

SM Investments spent P5 billion to purchase 1,884,374,000 shares of Citicore Energy REIT from CREIT’s parent company, Citicore Renewable Energy Corp., at a price of P2.6534/share.

, at a price of P2.6534/share. The shares were all secondary, meaning that the money that SM paid for the shares went to

shares.” In the associated press release, ’s single largest shareholder at 32.88%. While the price SM paid is at a ~5% discount to

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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