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Philippine Star
Philippine Star
Danessa Rivera – The Philippine Star December 1, 2021 | 12:00am MANILA, Philippines — ACEN, the listed energy platform of the Ayala Group, is targeting to spin off its all its thermal assets early next year as part of its move to transition its portfolio to become fully renewable. The company earlier secured board approval to enter into a property-for-share swap with subsidiary ACE Enexor Inc. (ACEX), the listed oil and gas exploration and production unit of the Ayala Group, for its thermal assets. “We hope to complete that transaction by early next year,” ACEN president and CEO Eric Francia s…