Wednesday, January 6, 2010

MRC Confirms Deal with Lucio Tan Jr.

Now the rumor is finally cleared. Last night in ANC's Business Nightly hosted by Ricky Carandang, Mr. Benjamin Bitanga, a majority shareholder of MRC Allied Industries, confirmed that they are in talks with Lucio Tan Jr. for a P3-billion deal on a proposed power-generation project. They are still in the middle of negotiations to determine the final valuations/agreeemnt that's whyMr. Bitanga is still mum about the details.


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