SMC OK to add MPTC Indonesia in joint venture

Diversified conglomerate San Miguel Corp. (SMC) is open to including the Indonesian segment of Metro Pacific Tollways Corp. (MPTC) in the planned merger of the toll road operators.

- ELIJAH FELICE ROSALES

SMC president and CEO Ramon Ang told reporters the proposed merger between the tollway giants could take shape over the next few months.

Ang said the current focus of negotiations is whether the Indonesian business of MPTC will be covered by the joint venture given its length and value.

Either way, Ang is open to involving Indonesia in the proposed consolidation, captivated by the business potential that it will bring. Further, he sees opportunity in the fact that Indonesia is three times larger than the Philippines in terms of economy.