DMCI-MPIC takes Maynilad
- From: Vol 7, Issue 12 (December 2006)
- Category: General
- Region: Asia
- Country: Philippines
- Related Companies: BPI Capital Corporation, DMCI, Manila Water Company, Metro Pacific, Mitsubishi, Noonday Asset Management Asia, Rubia Holdings and WZ Co
A local consortium has taken an 83.97% stake in the Manila West Zone concession. They could have paid less.
DMCI Holdings and Metro Pacific Investments Corporation emerged victorious from what had become a two-horse race for MWSS’s 83.97% equity stake in Maynilad Water Services, the concessionaire for West Manila.
The Department of Finance approved the offer from the 50-50 joint venture between the Filipino construction and real estate companies on 6 December. After initial strong interest, only ...
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