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Newsletter by Index-Asia

Some of the latest selected deals of the area:

November 2019 Newsletter – Index Asia Ltd.


Energy – USD2,931.2m
[Energy][Fundraising] Phoenix issues P3 billion in CPs at a discount.
[Energy][Acquisition] Philippine oil and shipping group Udenna Corp have signed a deal to acquire the 45% interest of a Chevron unit in the country’s Malampaya gas-to-power project.
[Energy][Investment] AC Energy raises $400 million from green bond issue.
[Energy][Acquisition] Vivant Corp. signed a deal to buy out its partner ET Energy Pilipinas JV firm.
[Energy][Investment] First Gen has invested USD300m of CAPEX towards a floating storage regasification unit.
[Energy][Expansion] Alsons launched the construction of a 14.5-megawatt hydroelectric power plant in Sarangani.
[Energy][Regulation][Investment] PetroEnergy has been awarded by the Energy department a service contract for a wind farm in San Vicente, Palawan.
[Energy][Investment] AC Energy approved investment in a 60-megawatt (MW) solar power plant project in Palauig, Zambales.
[Energy][Fundraising] Phoenix offers PHP3b in commercial papers to refinance loans.
[Energy][Investment] Malaysian company to invest up to USD2b towards launch of 12 waste-to-energy (WTE) facilities in the Philippines in partnership with Integrated Green Technology and a French technology provider.
[Energy][Divestment] Aboitiz Power Corp finalizes deadline to sale a 8.8-megawatt (MW) biomass power plant in Batangas.

Telecom – USD1.0m
[Telecom][Fundraising] USTDA agreed to provide a $1 million training grant to PLDT to support training and capacity building for 5G digital technologies.
[Telecom][Partnership] MyEG Philippines partners with Multisys Technologies.

Real Estate – USD352.5m
[Real Estate][Fundraising][Regulation] Century Properties has obtained clearance to conduct a preferred shares offering where they expecting to raise P3 billion.
[Real Estate][Fundraising] Ayala Land is investing PHP18b to build a 290-hectare estate in Tarlac City.


Finance USD0.0m


Tech – USD3.3m
[Tech][Finance][Acquisition] Xurpas has agreed to acquire Los Angeles-based early-stage venture capital firm Wavemaker Partners US for PHP170m.


Education – USD0.0m


Healthcare – USD0.0m
[Healthcare][Expansion] Korea’s Zishel Group enters Philippine market.
[Healthcare][IPO][Regulation] ACE Legazpi get approval from SEC for a PHP1b IPO.

Retail F&B – USD19.6m
[F&B][Acquisition] Udenna Corporation fully acquired all 51 Wendy’s restaurants in the Philippines.
[F&B][Expansion] RRHI planning to open more No Brand stores.
[Retail][Partnership] Duty Free PHL partners with 50 different travel agencies, offering tour groups additional discounts at their flagship store in Parañaque city.
[F&B][Fundraising] Max’s Group signed PHP1b five-year loan agreement with DBP.

Logistics USD4,800.2m
[Logistics][Expansion] Cebu Pacific purchased 16 passenger aircraft from Airbus for a total worth of USD4.8 billion.
[Logistics][Acquisition] LBC bought USD200k shares of Japanese shipping company, Mermaid Co.
[Logistics][Regulation][Expansion] Indonesian ride-hailing start-up Gojek has reapplied to enter the Philippines to compete with Grab.

[Conglomerate][Acquisition] Ayala Corp invested USD 237m under a strategic partnership with Yoma Group, a listed company from Myanmar.
[Mining][Acquisition] Businessman Yu increases stake in Pacifica.
[Industrials][Divestment] FPH disposes stake in MHE-Demag.
[Infrastructure][Investment] Maynilad has initiated a sewage treatment plant, with the capacity of treating about 205m liters of wastewater per day, for PHP 10.5b.
[Industrials][Expansion] Taiwanese firm XIN YE Precious Metal Technology opens a USD1m gold processing facility in Camarines Norte

Aggregate Deal Values = USD8,394.9m
Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.
*USD1.00 = PHP51.06