Loading AI tools
Philippine conglomerate From Wikipedia, the free encyclopedia
Metro Pacific Investments Corporation (MPIC) is a Philippine unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc.[3] MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines.
| |
| Company type | Privately-held Investment company |
|---|---|
| Founded | March 20, 2006 |
| Headquarters | , |
Area served | Philippines |
Key people |
|
| Revenue |  PHP50.88 billion (2022) |
| PHP16.94 billion (2022) | |
| PHP13.14 billion (2022) | |
| Total assets | PHP643.8 billion (2022) |
| Total equity | PHP245.04 billion (2022) |
| Owner | Metro Pacific Holdings, Inc. (48.21%)[2] GT Capital (20%) Mit-Pacific (11.32%) Government Service Insurance System (12%) MIG Holdings (of Manny V. Pangilinan)(5.74%) Ramon S. Ang (undisclosed) |
| Parent | First Pacific Company |
| Subsidiaries | DMCI – MPIC Water Company Metro Pacific Tollways Corporation Neo Oracle Holdings Inc. Beacon Electric Asset Holdings Inc. |
| Website | www |
In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital's Global Business Power Corporation in a deal worth PHP 29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), a Philippine affiliate of First Pacific Company, at the same price, for a total of PHP 7.93 billion in cash. These transactions result in GT Capital holding an overall stake of 15.6 percent of the common share capital of MPIC in a new business alliance between the two business groups.[4]
In August 2023, the company formally filed for voluntary delisting from the Philippine Stock Exchange (PSE).[5] The company completed its tender offer on September 19, 2023 acquiring 5.46 billion common shares equivalent to 19% of the company and was eventually delisted from the PSE effective October 9. Eight days later on October 17, Ramon S. Ang was elected a member of the company's board of directors after making a direct investment in MPIC. However, the size of Ang's investment was not disclosed.[6][7]
Seamless Wikipedia browsing. On steroids.
Every time you click a link to Wikipedia, Wiktionary or Wikiquote in your browser's search results, it will show the modern Wikiwand interface.
Wikiwand extension is a five stars, simple, with minimum permission required to keep your browsing private, safe and transparent.
