Metro Pacific Investments Corporation

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Metro Pacific Investments Corporation
Public Investment company
Traded asPSEMPI
FoundedMarch 20, 2006
Headquarters,
Area served
Philippines
Key people
Increase PHP593 Million (2008)
OwnerMetro Pacific Holdings Inc. (55.9%)
GT Capital Holdings, Inc. (15.6%)
ParentFirst Pacific Company
SubsidiariesDMCI – MPIC Water Company
Metro Pacific Tollways Corporation
Metro Pacific Corporation
Beacon Electric Asset Holdings Inc.
Websitewww.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.

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[edit]

  • Manila Electric Company (MERALCO) - holds 10.5% direct 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%[4]
  • Metro Pacific Tollways Corporation
  • 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]

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. ^ http://www.mb.com.ph/ty-family-invest-p29-89b-in-mpic-in-exchange-for-control-over-power-unit/
  4. ^ Gonzales, Iris (3 April 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved 6 April 2018.

External links[edit]