MANILA -Tycoon Manuel V. Pangilinan-led infrastructure giant Metro Pacific Investments Corp. is investing P2 billion in businessman Leandro Leviste's SP New Energy Corp. Metro Pacific sealed a definitive agreement to buy 1.6 billion common shares at P1.25 each, giving it a 16-percent stake in the listed developer of solar power projects, a stock exchange filing on Tuesday showed. The seller is Leviste's holding company, Solar Philippines Power Project Holdings Inc., which will use the proceeds to fund land investments for the company's flagship solar power project in Nueva Ecija.

https://business.inquirer.net/393417/metro-pacific-invests-p2b-in-leandro-levistes-solar-power-company

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