MANILA, Philippines - The group of businessman Manuel V. Pangilinan has taken a 20-percent stake in tycoon George Ty's power company, officials privy to the deal said yesterday. Manila Electric Co. (Meralco), through its subsidiary Meralco PowerGen, signed Monday night an agreement to acquire a 20-percent interest in Global Business Power Corp., the power generation arm of Ty's GT Capitol Holdings Inc. "Meralco's wholly-owned subsidiary, Meralco PowerGen Corp. signed a share sale agreement to acquire a 20-percent interest in Global Business Power Corp. which has power generation plants in the Visayas," said Betty Siy-Yap, Meralco chief financial officer. MVP Group spokesperson Mike Toledo said the "buy-in" is 100 percent self funded by the group.