MANILA, Oct 18 (Reuters): Philippines' Synergy Grid & Development, majority owner of the country's only electricity grid operator, has narrowed the price range for its share sale, allowing the deal to raise as much as US$386 million.
In a disclosure, Synergy Grid set a price guidance of 12 to 17 pesos (US$0.24 to US$0.33) per share, versus the 15 to 25 pesos when it sought regulatory approval for the offering in August.
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