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Converge increases public float

Published by
Philippine Star

Richmond Mercurio – The Philippine Star November 23, 2021 | 12:00am MANILA, Philippines — Converge ICT Solutions Inc. has bolstered its chances of joining the MSCI index after the company’s public float was expanded following the sale of shares by its second largest shareholder, Coherent Cloud Investments BV. Coherent Cloud Investments, owned by private equity firm Warburg Pincus, sold 420 million Converge shares or approximately 5.6 percent of the outstanding common shares, for a total of P12.6 billion. Converge president and co-founder Grace Uy said the transaction was well received both glo…

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