MANILA -The Government Service Insurance System (GSIS) has bought P1.46 billion worth of shares in Nickel Asia Corp. (NAC), giving the state pension fund a roughly 2-percent stake in the country's largest producer of nickel ore. In a disclosure on Thursday, NAC said GSIS purchased 233.56 million of its common shares via block sale or a large, privately negotiated sale of common stocks to one or several parties. The transaction was approved by the Philippine Stock Exchange on Wednesday. GSIS president and General Manager Wick Veloso said GSIS continues to find ways to lengthen its fund life through viable investment opportunities such as the successful vertically integrated mining ore production and processing businesses of NAC.

https://business.inquirer.net/395797/gsis-buys-2-stake-in-nickel-asia-acquires-shares-worth-p-1-46b

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