June 16, 2014
French power generator gains stake in Cebu coal, mining equipment firm
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FRENCH firm Sparkling Commodities recently acquired a majority stake in Asia Pacific Energy Resources Ventures Inc. (Apervi), a Cebu-based coal trading and mining equipment distribution firm, through Hong Kong-based Sparkling Capital Limited, a top official said.
According to Apervi president Ceasar Lao-as, the entry of the French company will provide additional resources for the company’s projects such as coal distribution and the development of a power plant in Cadiz City, which is expected to add additional capacity to the Visayas.
Source: Cebu | Sun.Star Online http://ift.tt/14IcC3V
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