Metro Pacific Investments Corporation

Metro Pacific Investments Corporation
Public Investment company
Traded as PSE: MPI
Founded March 20, 2006
Headquarters Makati, Philippines
Area served
Philippines
Key people
President
Jose K. Ma. Lim[1]
Chief executive officer
Jose K. Ma. Lim[1]
Chairman
Manuel V. Pangilinan[1]
Increase PHP593 Million (2008)
Owner First Pacific Company
Metro Pacific Holdings Inc. (55.9%)
Parent First Pacific Company
Subsidiaries DMCI – MPIC Water Company
Metro Pacific Tollways Corporation
Metro Pacific Corporation
Beacon Electric Asset Holdings Inc.
Website www.mpic.com.ph

Metro Pacific Investments Corporation is a Philippine-based unit investment holding corporation of the First Pacific Company Limited through Metro Pacific Holdings, Inc.[2] The Company, 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.

Subsidiaries

Operating Hospitals

GT Capital

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 P29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at P6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of P21.96 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 P7.93 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.[3]

See also

References

This article is issued from Wikipedia - version of the 11/8/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.