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MPIC Selling Up to 20% Stake in Tollways Unit
March 14, 2025
|The Philippine Star
Expressway giant Metro Pacific Tollways Corp. (MPTC), a company 93.3 percent owned by conglomerate Metro Pacific Investments Corp. (MPIC), is raising fresh capital with the entry of a new investor.
MPIC chairman Manuel V. Pangilinan said the company is selling as much as a 20-percent stake in MPTC to raise funds for debt payments.
Pangilinan said the sale could raise several billions for the company.
"The main use will be the reduction of debts MPTC has," he said.
Pangilinan declined to identify the potential investors the group is in talks with but said it is now "down to one."
"We're down to the short strokes," he said.
هذه القصة من طبعة March 14, 2025 من The Philippine Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The Philippine Star
The Philippine Star
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Camaraderie among leaders
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