Metro Pacific Investments
 | |
| Type | Public Investment company |
|---|---|
| PSE: MPI | |
| Founded | March 20, 2006 |
| Headquarters | , |
Area served | Philippines |
Key people |
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| Revenue |  PHP40.86 billion (2020) |
 PHP10.55 billion (2020) | |
| PHP10.24 billion (2020) | |
| AUM | PHP142.88 billion (2020) |
| Total assets | PHP617.8 billion (2020) |
| Total equity | PHP244.35 billion (2020) |
| Owner | Metro Pacific Holdings Inc. (55.9%) GT Capital Holdings, Inc. (15.6%) Other Investors (30%) |
| Parent | First Pacific Company |
| Subsidiaries | DMCI – MPIC Water Company Metro Pacific Tollways Corporation Metro Pacific Corporation Beacon Electric Asset Holdings Inc. |
| Website | www |
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.
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]
Subsidiaries[]
- Utilities
- 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%[4]
- Manila Water Consortium Inc.
- Metro Pacific Tollways Corporation
- Power
- Manila Electric Company (Meralco) - holds 10.5% direct stake
- Global Business Power (GBP)
- Metpower Venture Partners -
- Beacon Electric Asset Holdings Inc. - holds 35% stake in Meralco
- Tollways
- METRO PACIFIC TOLLWAYS
- 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).
- Transport
- 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
- (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[5]
- 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
- 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
- Visayas
- The Riverside Medical Center Inc., Bacolod
- Mindanao
- Davao Doctors Hospital (34% stake)
- West Metro Medical Center, Zamboanga City
- St. Elizabeth Hospital, General Santos City (80% stake)
- 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.[6]
- Schools
- Davao Doctors College, Davao City
- Riverside College (Philippines), Bacolod City
References[]
- ^ Jump up to: a b "Metro Pacific expects net income to rise 30%". Manila, Philippines: The Philippine Star. Retrieved 2010-05-23.
- ^ Metro Pacific Investments Corporation retrieved May 2, 2013
- ^ "Archived copy". Archived from the original on 2016-05-30. Retrieved 2016-10-04.CS1 maint: archived copy as title (link)
- ^ Gonzales, Iris (3 April 2018). "MPIC acquires 49% of Vietnam water firm". The Philippine Star. Retrieved 6 April 2018.
- ^ "Metro Pacific Hospitals raises $684m from KKR and GIC". Nikkei Asian Review. October 15, 2019. Retrieved September 4, 2020.
- ^ "MPIC to transform healthcare delivery with mWELL, PH's first fully integrated health & wellness app". Sunstar. 1 July 2021. Retrieved 2 September 2021.
External links[]
- Metro Pacific Inverstments Corporation - Official website
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- Financial services companies of the Philippines
- Holding companies of the Philippines
- Companies based in Makati
- Companies listed on the Philippine Stock Exchange
- Conglomerate companies of the Philippines