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Metro Pacific bullish on food, restaurant venture
The Philippine Star
|September 03, 2025
Metro Pacific Investments Corp. (MPIC) of tycoon Manuel V. Pangilinan is optimistic about its foray into the food and restaurant business through a P1.2-billion investment in Eight8Ate Holdings Inc., the operator of Conti's Bakeshop and Restaurant and Wendy's Philippines.
"We felt it was a sound business move, though we come in only as a minority investor," MPAV president and CEO Jovy Hernandez told The STAR.
The STAR previously reported that MPIC's wholly owned subsidiary, MPAV, has executed share purchase and subscription agreements for a 15-percent stake in Eight8Ate Holdings.
The acquisition, which was executed on July 21, 2025, was valued at about P1.2 billion.
Hernandez said several synergies are expected with the group's investment in Eight8Ate.
यह कहानी The Philippine Star के September 03, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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