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Enrique Razon acquires more shares in Manila Water

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ABS-CBN News

<p>MANILA - Ayala Corp said Tuesday its unit Philwater Holdings Company Inc sold its preferred shares in Manila Water Company Inc to Trident Water Company Holdings Inc through a share purchase agreement. </p><p>Billionaire Enrique Razon&#x27;s Prime Metroline Holdings Inc (PMHI) formed Trident Water when it <a href="https://news.abs-cbn.com/business/02/03/20/billionaire-razon-buys-25-percent-of-ayalas-manila-water">acquired 25 percent</a> of Manila Water in 2020.</p><p>&quot;The purchase of preferred shares reflects a 39.09 percent voting stake and 8.19 percent economic stake in Manila Water Company Inc,&quot; Ayala Corp said in a disclosure to the stock exchange.</p><p>The deal involves the sale of Philwater&#x27;s 2,691,268,205 shares in Manila Water with a purchase price of P1.80 per share, Ayala Corp said</p><p>Manila Water is the water distributor in Metro Manila&#x27;s east zone.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/08/25/20/antitrust-body-clears-razons-acquisition-of-a-controlling-stake-in-manila-water">Antitrust body &#x27;clears&#x27; Razon&#x27;s acquisition of a controlling stake in Manila Water</a></li>	<li><a href="https://news.abs-cbn.com/business/02/11/20/razon-may-get-majority-voting-rights-in-manila-water-by-april-ayala-corp">Razon may get majority voting rights in Manila Water by April: Ayala Corp</a></li>	<li><a href="https://news.abs-cbn.com/business/02/06/20/razon-gets-majority-voting-rights-in-manila-water">Razon gets majority voting rights in Manila Water</a></li></ul><div><strong>Related video:</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/eWs0x6P_ZK4?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>Ayala Corp said Tuesday Philwater Holdings Company Inc sold its preferred shares in Manila Water Company Inc to Trident Water Company Holdings Inc through a share purchase agreement. </p>

Ayala Corp said Tuesday Philwater Holdings Company Inc sold its preferred shares in Manila Water Company Inc to Trident Water Company Holdings Inc through a share purchase agreement.