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Alsons Consolidated Resources, Inc. (ACR) – the publicly-listed company of the Alcantara Group and Mindanao's first and most experienced independent power producer, has signed an agreement with Global Business Power Corporation (GBP), the leading power producer in the Visayas and an associate of Metro Pacific Investments Corporation (MPIC). The agreement gives GBP a 50% stake in Alsons Thermal Energy Corporation (ATEC) – the holding company for ACR’s baseload coal-fired power plant assets. ING Bank N.V. acted as ACR’s sole financial adviser for the transaction while the law firm of Castillo Laman Tan Pantaleon & San Jose served as ACR’s legal adviser. Macquarie Capital acted as sole financial adviser, and Puyat Jacinto & Santos Law acted as the legal adviser to GBP.


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