MVP seals new shares in Meralco for P2.19B

MANILA, Philippines — San Miguel Global Power Holdings Corp. (SMGP) reported new gains of P2.19 billion after selling about a 0.33-percent stake in Manila Electric Co. (Meralco) to billionaire Manuel V. Pangilinan. In a regulatory filing, its parent firm, San Miguel Corp. (SMC), announced the closing of the sale of 3.77 million common shares in Meralco