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Metro Pacific Investments

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Metro Pacific Investments Corporation
Company typePublic Investment company
PSE: MPI
FoundedMarch 20, 2006; 18 years ago (2006-03-20)
Headquarters
Makati
,
Philippines
Area served
Philippines
Key people
RevenueIncrease PHP50.88 billion (2022)
Increase PHP16.94 billion (2022)
Increase PHP13.14 billion (2022)
Total assetsIncrease PHP643.8 billion (2022)
Total equityIncrease PHP245.04 billion (2022)
OwnerMetro Pacific Holdings (46.08%)
GT Capital (17.08%)
ParentFirst Pacific Company
SubsidiariesDMCI – MPIC Water Company
Metro Pacific Tollways Corporation
Neo Oracle Holdings Inc.
Beacon Electric Asset Holdings Inc.
Websitewww.mpic.com.ph

Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc.[2] 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.

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.[3]

Subsidiaries

Utilities
  • Manila Electric Company (Meralco) - holds 10.5% direct stake
    • Radius Telecoms, Inc. - 100% owned
  • Global Business Power (GBP)
  • Metpower Venture Partners
  • Maynilad Water Holding Company Inc. - owns 83.96% controlling stake of Maynilad Water Services
  • Metropac Water Investments Corporation
    • Manila Water Consortium Inc.
      • Cebu Manila Water Development Inc.
    • Tuan Loc Water Resources Investment Joint Stock Company (Vietnam) - 49%[4]
Power and transport
Logistics
  • Metropac Movers, Inc. (MMI) - is the logistics arm and a subsidiary of infrastructure conglomerate, Metro Pacific Investments Corporation.
Healthcare
  • Metro Pacific Hospital Holdings, Inc. (MPHHI) - holds 43.1% stake and management control[5]
  • East Manila Hospital Managers Corporation (EMHMC) operates Our Lady Of Lourdes Hospital
  • Colinas Verdes Hospital Managers Corporation (CVHMC) operates Cardinal Santos Medical Center
  • In July 2021, MPIC launched its first high-performance mobile app, called mWell PH.[6]
Food and Beverage
  • The Laguna Creamery Inc. (51% stake)
Real Estate
  • Landco Pacific - Real Estate arm of MPIC.
Schools
Others
  • IdeaSpace Foundation

References

  1. ^ a b "Metro Pacific expects net income to rise 30%". Manila, Philippines: The Philippine Star. Retrieved May 23, 2010.
  2. ^ Metro Pacific Investments Corporation retrieved May 2, 2013
  3. ^ "Ty family invest P29.89B in MPIC in exchange for control over power unit". Manila Bulletin. Archived from the original on May 30, 2016. Retrieved October 4, 2016.
  4. ^ Gonzales, Iris (April 3, 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved April 6, 2018.
  5. ^ "Metro Pacific Hospitals raises $684m from KKR and GIC". Nikkei Asian Review. October 15, 2019. Retrieved September 4, 2020.
  6. ^ "MPIC to transform healthcare delivery with mWELL, PH's first fully integrated health & wellness app". Sunstar. July 1, 2021. Retrieved September 2, 2021.
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