Logistics, energy deals coming in Q1-Consing

Sovereign wealth fund manager Maharlika Investment Corporation (MIC) is accelerating its entry into the logistics and energy sectors with two cornerstone deals expected to close in the first quarter of this year.

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MIC President and Chief Executive Officer (CEO) Rafael D. Consing told Manila Bulletin on Friday, Jan. 2, that Maharlika is “advancing” the state-run firm’s acquisition of an 11.2-percent stake in Asian Terminals Inc. (ATI).

“Investing in a premier port operator—managing critical hubs like the Manila South Harbor and the Port of Batangas—is essential to modernizing our physical infrastructure, enhancing trade efficiency, and lowering the cost of goods for the average Filipino consumer,” Consing said.

Last month, the corporation announced plans to acquire a stake to secure a significant position in one of the country’s major trade gateways.

The acquisition will involve a direct share purchase and a tender offer to existing public shareholders, to be carried out alongside ATI’s voluntary delisting from the Philippine Stock Exchange (PSE).