Manila Water successfully refinances East Water acquisition loan
Manila Water (Thailand) Co. Ltd., a subsidiary of Manila Water Company, Inc., through Manila Water Asia Pacific Pte. Ltd., signed a THB5.30 billion, 5-year term loan facility with Mizuho Bank, Ltd. – Bangkok Branch and Bank of Ayudhya Public Company Limited to take out the previous bridge loan used to finance the acquisition of an 18.72% equity stake in Eastern Water Resources Development and Management Public Company Limited.
Manila Water successfully closes East Water acquisition in Thailand
Manila Water Company, Inc. (“Manila Water”) has successfully completed its acquisition of a significant stake in Eastern Water Resources Development and Management Public Company Limited (“East Water”), a publicly-listed water supply and distribution company in Thailand.
Manila Water set to expand to Thailand
Manila Water continues to make its presence felt in the ASEAN region after it signed a Share Purchase Agreement to acquire an 18.72% stake in Eastern Water Resources Development and Management Public Company Limited (“East Water”), a publicly-listed water supply and distribution company in Thailand. This is Manila Water’s first point of entry into Thailand as part of the company’s ongoing expansion in Southeast Asia.