Creditors smooth Manila takeover
- From: Vol 8, Issue 1 (January 2007)
- Category: General
- Region: Asia
- Country: Philippines
- Related Companies: Avenue Asia, Deutsche Bank, DMCI, Metro Pacific and Suez
The sale of Maynilad Water Services reached financial close in mid-January. The local Securities Commission still has to give its seal of approval.
The sale of Manila’s Metropolitan Waterworks and Sewerage System’s 83.97% stake in Maynilad Water Services to DMCI Holdings and Metro Pacific Investments reached financial close on 10th January with relative ease. A key factor in the smooth passage of the transaction was the approval given by lenders Suez and Deutsche Bank at a January 3rd hearing of ...
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