Water Utility
Malacañang has assured consumers of uninterrupted water services following the Lucio Co group's acquisition of PrimeWater Infrastructure Corp. from the Villar family. This comes amid ongoing LWUA investigations into past complaints and lawmakers' concerns over limited public scrutiny in the deal.
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The Villar Group announced that Crystal Bridges Holding Corp., owned by the Lucio Co group, has acquired 100 percent of PrimeWater Infrastructure Corp. This transaction signals consolidation in the Philippine water sector, while the company still faces consumer complaints over service quality. It is expected to bring improved investment and management under new ownership.