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US private equity firms, San Miguel interested in UCPB - source

2015-07-02 08:35:36| Beverages - Topix.net

Three US private equity companies and Philippine conglomerate San Miguel Corp. are among 12 firms that have submitted letters of intent to bid for the government's majority stake in United Coconut Planters Bank, a person with knowledge of the matter said. CAP IV Engagement Limited, an affiliate of Carlyle Asia Partners IV, Lone Star Funds and TPG Capital Management LP, are interested, while Japan's Mitsubishi UFJ Financial Group Inc is the only foreign bank in the race, said one source, who was not authorized to speak to the media on the matter.

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Spanish firm's plan for Connecticut utility faces rejection

2015-07-01 00:22:11| Energy - Topix.net

State regulators on Tuesday moved a step toward rejecting a plan by Spain's leading electricity and natural gas utility to buy the parent company of several local energy firms in a deal valued at up to $3 billion. The state Public Utilities Regulatory Authority issued a draft decision saying that Spain's Iberdrola has not provided "any measurable or quantifiable commitments" that assure regulators that ratepayers will not be harmed by its plan to buy UIL Holdings Corp. In the deal announced early this year, the company would serve 3.1 million electric and natural gas customers in Connecticut, Maine, Massachusetts and New York.

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Worker Gaps Cost Construction Firms More

2015-06-30 22:59:09| ENR.com: Headline News

Survey shows salaries rose by 3.46% in 2014, up from 3.24% the year before.

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Singapore recognises two firms with partners in progress award

2015-06-29 11:12:56| Semiconductors - Topix.net

Two firms received the distinguished partner in progress award by the Singapore government on Monday in recognition of teir contributions to the country's economic growth. Emerson Electric Co and Infineon Technologies AG were given the award by Deputy Prime Minister Tharman Shanmugaratnam during a ceremony here.

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3 firms vie for P50.2-B prisons facility

2015-06-27 13:37:47| Beverages - Topix.net

San Miguel Corp., DMCI Holdings Inc., and Megawide Construction Corp. are expected to slug it out for the construction and maintenance of a regional prison facilities worth P50.2 billion in Nueva Ecija. The PPP Center announced the three groups submitted prequalification documents for the proposed modern regional prison facilities which would be located in a 500-hectare portion of Fort Magsaysay in Nueva Ecija.

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