AboitizPower to buy distribution utility from sister firm for P1B
ABOITIZ Power Corp. (AboitizPower), the power unit of conglomerate Aboitiz Equity Ventures Inc. (AEV), is buying a Batangas-based distribution utility firm from its sister company for approximately P1 billion. In a filing with the Philippine Stock Exchange on Thursday, AboitizPower disclosed that it will be buying out Lima Utilities Corp. from Lima Land Inc., a