GIC, Macquarie explore $2b stake sale in PH green energy firm EDC: report

GIC, Macquarie explore $2b stake sale in PH green energy firm EDC: report

The logo of Australia's biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia, October 28, 2016. REUTERS/David Gray/ File Photo

Singapore’s GIC and Australia’s Macquarie are looking at selling their stake of roughly 30% in Philippine renewable energy firm Energy Development Corp (EDC), a deal that could fetch $2 billion, two sources with knowledge of the matter said.