{
  "id": 4898516,
  "title": "Leviste raises P3 billion from SPNEC share sale",
  "url": "https://urgent.news/2026/09/01/leviste-raises-p3-billion-from-spnec-share-sale",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-01T16:00:00.000Z",
  "source": {
    "name": "Philippine Star Business",
    "slug": "philippine-star-business",
    "url": "https://www.philstar.com/business/2026/09/02/2553325/leviste-raises-p3-billion-spnec-share-sale"
  },
  "original_language": "en",
  "account": "Businessman-turned-lawmaker Leandro Leviste has recently generated P3 billion from selling additional shares in SP New Energy Corp. (SPNEC), a company owned by tycoon Manuel V. Pangilinan. According to a regulatory filing released yesterday, the Solar Philippines Power Project Holdings Inc. (SPPPHI), which Leviste's firm owns, sold 2.4 billion SPNEC shares at P1.25 each to an undisclosed buyer. This sale reduced SPPPHI's stake in SPNEC to 11.51 percent from 16.3 percent, weakening Leviste's influence within the renewable power company he founded. Pangilinan, whose Meralco Group had taken control of SPNEC in 2023 after acquiring a majority stake from SPPPHI, announced that Leviste was currently engaged in discussions with a foreign investor to sell the remaining shares in the company.",
  "summary": "Businessman-turned-lawmaker Leandro Leviste has pocketed P3 billion from unloading more shares in SP New Energy Corp. of tycoon Manuel V. Pangilinan.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}