Rahul Sharma (Editor)

Metro Pacific Investments Corporation

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Traded as
  
PSE: MPI

Net income
  
PHP593 Million (2008)

Founded
  
20 March 2006

Area served
  
Philippines

Headquarters
  
Makati

Motto
  
Let's Move Forward

Metro Pacific Investments Corporation edgepsecomphclogo604cl52e86db2r404jpg

Type
  
Public Investment company

Key people
  
President Jose K. Ma. Lim Chief executive officer Jose K. Ma. Lim Chairman Manuel V. Pangilinan

Owner
  
First Pacific Company Metro Pacific Holdings Inc. (55.9%)

Subsidiaries
  
Manila North Tollways Corporation

Parent organizations
  
First Pacific, Metro Pacific Holdings, Inc.

Metro pacific investments corporation progress tvc


Metro Pacific Investments Corporation is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. 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.

Contents

Subsidiaries

  • Beacon Electric Asset Holdings Inc.- a consortium with PLDT which is also owned by First Pacific, holds 42.6% controlling stake in the Manila Electric Company (MERALCO).
  • DMCI – MPIC Water Company - a consortium with DMCI Holdings, Inc. owns 83.96% controlling stake of Maynilad Water Services
  • Metro Pacific Tollways Corporation - owns Manila North Tollways Corporation, First Philippine Infrastructure Development Corporation and Tollways Management Corporation, which in turn build, operate, and maintain the Subic–Clark–Tarlac Expressway, North Luzon Expressway, NLEX-SLEX Connector Road, and Cavite–Laguna Expressway
  • 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

    • Operating Hospitals

  • Our Lady of Lourdes Hospital, Manila (20-year lease through EMHMC)
  • Davao Doctors Hospital (34% stake)
  • Riverside Medical Center, Bacolod
  • Asian Hospital and Medical Center, Muntinlupa
  • Cardinal Santos Medical Center, San Juan (through CVHMC)
  • Makati Medical Center, Makati
  • Sacred Heart Hospital of Malolos, Malolos City, Bulacan
  • Marikina Valley Medical Center (93% stake)
  • De Los Santos Medical Center, Quezon City

    • GT Capital

    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.

    References

    Metro Pacific Investments Corporation Wikipedia
    (Text) CC BY-SA