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Japanese partner eyes higher stake in MPTC
The Philippine Star
|April 28, 2025
A Japanese joint venture is planning to raise its stake in Metro Pacific Tollways Corp. (MPTC) in a transaction that could lay the groundwork for one of the biggest mergers in the Philippines.
MPTC is looking to secure fresh funds through an equity sale to Mit-Pacific, the joint venture between Mitsui & Co. Ltd. and the Japan Overseas Infrastructure Investment Corp. for Transport and Urban Development.
Mit-Pacific owns a 6.6-percent stake in MPTC as part of the P12-billion agreement it signed with Metro Pacific Investments Corp. (MPIC).
MPIC chairman Manuel V. Pangilinan confirmed to reporters that Mit-Pacific is bent on scaling up its ownership in MPTC. For MPTC, the deal could mean raising at least P30 billion that it can use for debt payment.
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