SMPC chairman Isidro Consunji told The STAR that GSIS is interested in acquiring the DOF's shares in the listed integrated energy company.
Last week, Finance Undersecretary and chief economist Domini Velasquez said the DOF is planning to unload its 145.6 million shares in SMPC in a bid to boost its non-tax revenues through privatization.
The shareholdings, which are held by the Privatization and Management Office, an attached agency of the DOF, represent a 3.4-percent stake in SMPC.
"That has always been part of the public float," Consunji said.
SMPC's current free float level is at 24.23 percent.
Shares of the company closed at P32.95 last Friday, lower by 1.20 percent from the previous day. At this price, the government's stake in the company would amount to about P4.8 billion.
Diese Geschichte stammt aus der September 30, 2024-Ausgabe von The Philippine Star.
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Absence and presents
TOWARDS JUSTICE
Toxic politics and stability
EYES WIDE OPEN
Impeaching the VP
As Vice President Sara Duterte expected, an impeachment complaint was filed against her yesterday.
Decompress
For a change, the past week saw less political attacks between the warring factions, no midnight rants and no threatening words.
OVP failed to track beneficiaries of disaster aid - COA
The Office of the Vice President (OVP) failed to track beneficiaries and identify the disasters targeted by its welfare distribution programs amounting to over P176 million in 2023, the Commission on Audit (COA) said in its latest audit report.
Nationwide public consultation on motorcycle issues urged
Angkasangga party-list has called for further public consultations on issues affecting motorcycle riders across different regions, emphasizing the need for a truly national transport plan that reflects the realities of the sector alongside all other public utility vehicles, including tricycles.
Abandoned children, abused women get early Christmas presents
Abandoned children and women victims of abuse received early Christmas presents from President Marcos yesterday.
Sandigan affirms Jinggoy acquittal
The Sandiganbayan has affirmed the acquittal of Senate President Pro Tempore Jinggoy Estrada of indirect and direct bribery.
Comelec to bring voters' education roadshow to churches
The Commission on Elections intends to bring its voters' education roadshow to churches and other big venues in the country.
Gov't lowers growth target, but optimistic for 2025
The economic team of the Marcos administration has lowered its growth target for 2024, but adopted a more optimistic outlook for 2025 and beyond.
