Metro Pacific Investments

Metro Pacific Investments Corporation
Company type	Privately-held investment company
Founded	March 20, 2006; 19 years ago
Headquarters	Makati, Philippines
Area served	Philippines
Key people	Manuel V. Pangilinan (Chairman); Alfred V. Ty (Vice Chairman); Jose K. Ma. Lim ; (President & CEO) ;
Revenue	PHP50.88 billion (2022)
Operating income	PHP16.94 billion (2022)
Net income	PHP13.14 billion (2022)
Total assets	PHP643.8 billion (2022)
Total equity	PHP245.04 billion (2022)
Owner	Metro Pacific Holdings, Inc. (48.21%); 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.mpic.com.ph

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.

Quick facts Company type, Founded ...

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]

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Metro Pacific Investments

Subsidiaries

References

External links

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