MANILA, Philippines — Energy Development Corp. (EDC) is open to entertaining interested parties for potential investments after Indonesian conglomerate Barito Group offered $5 billion to take over the firm.
“Of course, whenever a company gives you an offer, you’d want to [consider it], you wouldn’t just dismiss them,” EDC president and COO Jerome Cainglet told reporters on Wednesday.
READ: EDC trims 2026 capital spending budget to P19B
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Earlier this month, Lopez-led First Gen Corp. confirmed that it had received an unsolicited bid from Barito Renewables to take over its clean energy arm.FEATURED STORIES
