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Greenergy Holdings Inc. majority owner Antonio Tiu has acquired the shares of Thomaslloyd Cleantech Infrastructure Fund GMBH in the company.
Tiu acquired 207.8 million common shares of Greenergy, equivalent to 11.54 percent from Cleantech for P415.5 million. Tiu shall hold a total of 510.5 million common shares or equivalent to 28.35 percent of the total issued and outstanding shares of Greenergy while Cleantech will no longer hold any shares in the company.
Tiu said the move to expand and consolidate his ownership in Greenergy is part of an “overall goal to create a bigger conglomerate.
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