Compromise agreement

Compromise agreement

In a disclosure to the neighborhood bourse, AboitizPower stated that, through its wholly owned subsidiary, AboitizPower International Pte. Ltd. (AP International), it has signed a compromise agreement with SunE Solar B.V. (SunE Solar).

Under the agreement, AP International will accumulate the whole issued and excellent shares of SunE Solar in Sunedison Philippines.

AboitizPower, which already owns 60 percentage of Maaraw and the 59-MW San Carlos Sun Power, Inc. Solar energy venture in San Carlos City, Negros Occidental through Aboitiz Renewables Inc., will boom its ownership to 100 percent.

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