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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.
Cette histoire est tirée de l'édition April 28, 2025 de The Philippine Star.
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