Metro Pacific Investments
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.
| Company type | Privately-held Investment company |
|---|---|
| Founded | March 20, 2006 |
| Headquarters | , |
Area served | Philippines |
Key people |
|
| Revenue | PHP50.88 billion (2022) |
| PHP16.94 billion (2022) | |
| PHP13.14 billion (2022) | |
| Total assets | PHP643.8 billion (2022) |
| Total equity | PHP245.04 billion (2022) |
| Owner | Metro Pacific Holdings (46.08%) GT Capital (17.08%) |
| Parent | First Pacific Company |
| Subsidiaries | DMCI – MPIC Water Company Metro Pacific Tollways Corporation Neo Oracle Holdings Inc. Beacon Electric Asset Holdings Inc. |
| Website | www |
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]
In August 2023, the company formally filed for voluntary delisting from the Philippine Stock Exchange (PSE).[4] 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.[5][6]
Subsidiaries edit
- 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%[7]
- Manila Water Consortium Inc.
- Power and transport
- Metro Pacific Tollways Corporation
- NLEX Corporation - holds the concession rights to construct, operate and maintain the North Luzon Expressway (NLEX) and the Subic–Clark–Tarlac Expressway (SCTEX).
- Ho Chi Minh City Infrastructure Investment Joint Stock Company (Vietnam)
- Don Muang Tollway Public Company Ltd. (Thailand)
- Cavitex Infrastructure Corporation (CIC) - holds the concession rights for the operation and maintenance of the Manila–Cavite Expressway (CAVITEX).
- Beacon Electric Asset Holdings Inc. - holds 35% stake in Meralco
- Light Rail Manila Corporation - a joint venture railway company with Ayala Corporation that operates the Manila Line 1 under a 32-year concession agreement with the Light Rail Transit Authority
- 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[8]
- Luzon
- Our Lady of Lourdes Hospital, Manila (20-year lease through EMHMC)
- Asian Hospital and Medical Center (86% Stake), Muntinlupa
- Cardinal Santos Medical Center, San Juan (100% stake) (through CVHMC)
- Makati Medical Center (33% stake), Makati
- Sacred Heart Hospital of Malolos (51% stake), Malolos City, Bulacan
- Manila Doctors Hospital (20% stake), Manila
- Marikina Valley Medical Center (93% stake)
- De Los Santos Medical Center (51% stake), Quezon City
- Delgado Memorial Hospital (65% stake), Quezon City
- Central Luzon Doctors Hospital, Tarlac City
- UHBI-Parañaque Doctors Hospital[9]
- Visayas
- The Riverside Medical Center Inc., Bacolod
- Ramiro Community Hospital, Tagbilaran
- Mindanao
- Davao Doctors Hospital (34% stake)
- West Metro Medical Center, Zamboanga City
- St. Elizabeth Hospital, General Santos City (80% stake)
- Manuel J. Santos Hospital, Butuan
- Luzon
- 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.[10]
- Food and Beverage
- The Laguna Creamery Inc. (51% stake)
- Real Estate
- Landco Pacific - Real Estate arm of MPIC.
- Financial Institutions
- Schools
- Davao Doctors College, Davao City
- Riverside College (Philippines), Bacolod City
- Others
- IdeaSpace Foundation (QBO Philippines - startup incubator based in Makati City)
References edit
- ^ a b "Metro Pacific expects net income to rise 30%". Manila, Philippines: The Philippine Star. Retrieved May 23, 2010.
- ^ Metro Pacific Investments Corporation retrieved May 2, 2013
- ^ . Manila Bulletin. Archived from the original on May 30, 2016. Retrieved October 4, 2016.
- ^ "Metro Pacific formally files voluntary delisting with PSE". ABS-CBN News. August 9, 2023. Retrieved November 8, 2023.
- ^ "Ramon Ang joins Metro Pacific board". Philippine Daily Inquirer. October 24, 2023. Retrieved November 8, 2023.
- ^ "SMC's Ang takes a seat in Metro Pacific board". Philippine Star. October 24, 2023. Retrieved November 8, 2023.
- ^ Gonzales, Iris (April 3, 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved April 6, 2018.
- ^ "Metro Pacific Hospitals raises $684m from KKR and GIC". Nikkei Asian Review. October 15, 2019. Retrieved September 4, 2020.
- ^ "Metro Pacific Health invests in UHBI-Parañaque Doctors". Manila Standard. May 7, 2024. Retrieved May 8, 2024.
- ^ "MPIC to transform healthcare delivery with mWELL, PH's first fully integrated health & wellness app". Sunstar. July 1, 2021. Retrieved September 2, 2021.
External links edit
- Metro Pacific Inverstments Corporation - Official website