Manila Water has announced the acquisition. Earnings contribution from East Water will immediately be recognized in Manila Water’s books

Date March 16, 2018

Type M&A Transactions

Subtype Transaction agreement announced

Subsectors Water

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Manila Water has announced the acquisition. Earnings contribution from East Water will immediately be recognized in Manila Water’s books

Similar updates

▶It has been announced the auction for interested parties to acquire a stake in the Cory plant. It has been said that companies such as China Everbright Group and Beijing Enterprises, as well as Hong Kong magnate Li Ka-shing, Chair of CK Hutchison Holdings are interest in taking a part on the deal
▶No bids have been received for the sale. HRADF has invited Deutsche Telekom to exercise its right of first refusal to buy the shares. Under a shareholders’ agreement, Deutsche Telekom has 30 business days to decide if it will buy the stake at a price equal to the average share price of the last 20 trading sessions
▶Deutsche Telekom has agreed to acquire the stake for EUR284 million (US$349 million)

Related transactions

▶Manila Water acquires 18.72% stake in Thailand’s East Water

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