Metro Pacific Investments Corporation

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Metro Pacific Investments Corporation
Public Investment company
Traded as PSEMPI
Founded March 20, 2006
Headquarters Makati, Philippines
Area served
Philippines
Key people
Increase PHP593 Million (2008)
Owner Metro Pacific Holdings Inc. (55.9%)
GT Capital Holdings, Inc. (15.6%)
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 company of 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[edit]

  • Manila Electric Company (MERALCO) - 10.5% stake
  • Beacon Electric Asset Holdings Inc. - holds 35% stake in MERALCO
  • 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%[3]
  • Metro Pacific Tollways Corporation - parent company of NLEX Corporation, which holds the concession rights to construct, operate and maintain the North Luzon Expressway (NLEX) and the Subic–Clark–Tarlac Expressway (SCTEX).
    • NLEX Corporation (formerly, Manila North Tollways Corporation)
    • Ho Chi Minh City Infrastructure Investment Joint Stock Company (Vietnam)
    • Don Muang Tollway Public Company Ltd. (Thailand)
    • Cavitex Infrastructure Corporation (CIC), which holds the concession rights for the operation and maintenance of the Manila–Cavite Expressway (CAVITEX).
  • East Manila Hospital Managers Corporation (EMHMC) operates Our Lady Of Lourdes Hospital
  • Colinas Verdes Hospital Managers Corporation (CVHMC) operates Cardinal Santos Medical Center
  • Light Rail Manila Corporation - a joint venture railway company with Ayala Corporation that operates the Manila LRT Line 1 under a 32-year concession agreement with the Light Rail Transit Authority

Operating Hospitals[edit]

GT Capital[edit]

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.[4]

See also[edit]

References[edit]

  1. ^ a b c "Metro Pacific expects net income to rise 30%". Manila, Philippines: The Philippine Star. Retrieved 2010-05-23. 
  2. ^ Metro Pacific Investments Corporation retrieved May 2, 2013
  3. ^ Gonzales, Iris (3 April 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved 6 April 2018. 
  4. ^ http://www.mb.com.ph/ty-family-invest-p29-89b-in-mpic-in-exchange-for-control-over-power-unit/

External links[edit]