EMPLOYEE SHARE OWNERSHIP PLAN

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                    [ArticleID] => 243080
                    [Title] => Gov’t allows Benpres to bail out of debt-ridden Maynilad
                    [Summary] => The government allowed Benpres Holdings Corp. to bail out of its debt-ridden Maynilad Water Services Inc. as part of a reorganization plan that the Department of Justice (DOJ) said would ensure continuous water supply to Metro Manila’s west zone.


Under the deal, the government would take over Maynilad in lieu of unpaid concession fees of more than P6 billion. It will receive a 61 percent stake worth almost the same amount.


                    [DatePublished] => 2004-03-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804901
                    [AuthorName] => Aurea Calica
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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Gov’t allows Benpres to bail out of debt-ridden Maynilad

By Aurea Calica | March 19, 2004 - 12:00am

The government allowed Benpres Holdings Corp. to bail out of its debt-ridden Maynilad Water Services Inc. as part of a reorganization plan that the Department of Justice (DOJ) said would ensure continuous water supply...

Headlines