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Not sure what to make of this. SUNE

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Lorcan458   Thursday, 12/21/17 10:32:41 AM
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Not sure what to make of this. SUNE has, I believe, hundreds of separate wholly or partially owned subsidiaries all over the world. This looks to me like they are selling off one of them. Anyone have more or better info?

BOITIZPOWER International Pte. Ltd. (AP International) signed a share purchase agreement with SunE Solar B.V. (SunE Solar) for the acquisition of 100 percent equity interest in Sunedison Philippines Helios BV (Sunedison Philippines). The offshore execution of the deed of transfer is subject to certain closing conditions under the SPA. In 2014, AboitizPower, through its wholly-owned subsidiary, Aboitiz Renewables, Inc. (ARI), entered into an agreement to develop solar photovoltaic projects in the Philippines. SunEdison Inc. (SUNE), the ultimate parent company of SunE Solar and Sunedison Philippines, and ARI invested in Maaraw Holdings San Carlos, Inc. and San Carlos Sun Power Inc. for the 59-MWp solar project in San Carlos City, Negros Occidental.

Read more: http://www.sunstar.com.ph/cebu/business/2017/12/21/ap-intl-acquires-sunedison-580740
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