PetroEnergy Resources Corporation (PSE:PERC) signs Share Purchase Agreement to acquire 20% stake in PetroWind Energy Inc. from EEI Power Corporation on April 24, 2023. PetroEnergy Resources Corporation will acquire 2.865408 million shares in PetroWind Energy. The deal was approved by Board of Directors of PetroEnergy Resource on April 20, 2023. The consideration will be paid through cash in tranches and full payment expected by August 2023.

PetroEnergy Resources Corporation (PSE:PERC) completed the acquisition of 20% stake in PetroWind Energy Inc. from EEI Power Corporation for PHP 1.41 billion on May 10, 2023. As part of closing, PERC executed the respective Deeds of Absolute Sale and fully paid EEIPC the purchase price for the latter?s shares in PWEI on May 10, 2023.