Metro Pacific Investments Corporation (MPIC) plans to acquire a 25% interest in Beacon Electric Asset Holdings (Beacon) from PLDT Communication & Energy Ventures for PHP21.8bn ($439.4m).
MPIC is an investment unit of First Pacific Company. It will pay PHP12bn ($241.9m) upon completion of the acquisition and the remaining PHP9.8bn ($197.5m) within four years.
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Bharat Heavy Electricals Limited (BHEL) plans to divest its 51% stake in BHEL Electrical Machines.
BHEL is an integrated power plant equipment manufacturer, while BHEL Electrical Machines manufactures rotating electrical machinery.
BHEL’s divestment proposal has been approved by the state government of Kerala.
African Infrastructure Investment Managers (AIIM) has completed the acquisition of a 44% stake in Albatros Energy Mali by using its AIIF3 Fund.
Albatros Energy Mali is developing a 90MW thermal power station in Kayes under a build, own, operate, and transfer process. AIIM is an African infrastructure equity investment manager.
The project finance has been secured through a combination of senior debt (7%) and a mix of ordinary shares and shareholder loans (30%).
Hexagon PPM has announced plans to acquire DST Computer Services.
Formerly known as Intergraph Process, Power & Marine, Hexagon develops enterprise engineering software to be used in power plants, ships, and offshore facilities. DST provides pipe stress analysis solutions for use in process and power plants, nuclear ships, and submarines.
The company expects that the addition of DST software to its solutions suite will create additional support for its design codes, including Nuclear Classes 1, 2 and 3, for nuclear power generating plants.
