Market Chatter: Philippines' Sovereign Wealth Fund to Pick Stake in Grid Operator Shareholder

MT Newswires Live

2025/01/30

Philippines' sovereign wealth fund is contemplating buying a 20% stake in the Synergy Grid & Development Phils. (SGP) for an undisclosed amount, Business World reported on Wednesday.

SGP owns a 40% holding in grid operator National Grid Corporation of the Philippines, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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