Megawide of the Philippines buys Citicore Power and enters energy market

• 7 years ago (2016-08-01)
• David Flin

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Megawide Construction , one of the largest construction and infrastructure companies in the Philippines, is moving into renewable energy with the acquisition of a 100 per cent stake in Citicore Power. Megawide said that the acquisition was in line with its five-year diversification plan aimed at transforming it from a pure construction and engineering firm into a fully diversified infrastructure conglomerate.

Michael Cosiquien, Chief Executive of Megawide, said: “We remain bullish and hopeful in this current track, and we look forward to contributing to a stronger economy for the country.”