Charting new territories: Metro Pacific-backed Axelum sets sights on global coconut market expansion.
Coconut exports and processing firm Axelum, partly owned by bilyonaryo Manny V. Pangilinan-led Metro Pacific Investments Corp.
MANILA -Billionaire Ramon Ang of San Miguel Corp. (SMC) will acquire an equity stake in Metro Pacific Investments Corp. (MPIC) at the invitation of tycoon Manuel Pangilinan—a move that will see the once fierce rivals become close business allies.
SPNEC’s parent Solar Philippines Power Project Holdings, Inc. (SPH), with MPIC to be given the option to become the single largest shareholder of SPNEC. SPNEC is an integrated developer, owner, and operator of solar power projects listed on the Philippine Stock Exchange.
Metro Pacific Investments Corporation (MPIC), the country’s leading infrastructure investments company, has entered into a definitive agreement to invest 2.0 billion Pesos to acquire 1.6 billion common shares of SP New Energy Corporation (SPNEC) from
The company earlier in the day confirmed it would list its tollways and water subsidiaries after completing the voluntary delisting plan, with the tollways unit likely to be listed by 2024.
PHILIPPINE infrastructure conglomerate Metro Pacific Investments Corp (MPIC) is set to become a private company in October after a tender offer to buy its publicly listed shares received backing from shareholders.
MANILA, April 27 (Reuters) - Mitsui & Co Ltd (8031.T), opens new tab and a Japan government-backed fund announced plans on Thursday to buy a minority stake in Philippine infrastructure firm Metro Pacific Investments Corp (https://t.co/S11TOQDr91),
opens new tab, as it delists from the domestic stock exchange.
Metro Pacific, a unit of Indonesian tycoon Anthoni Salim's First Pacific Co Ltd (https://t.co/HXn93f4pmU), opens new tab, has long been a target for strategic investment and privatisation owing to its cheap valuation