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| Public Investment company | |
| Traded as | PSE: MPI |
| Founded | March 20, 2006 |
| Headquarters | , |
Area served | Philippines |
Key people |
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| Owner | Metro Pacific Holdings Inc. (55.9%) GT Capital Holdings, Inc. (15.6%) |
| 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 is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. [2] 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.
The Philippines, officially the Republic of the Philippines, is an archipelagic country in Southeast Asia. Situated in the western Pacific Ocean, it consists of about 7,641 islands that are categorized broadly under three main geographical divisions from north to south: Luzon, Visayas and Mindanao. The capital city of the Philippines is Manila and the most populous city is Quezon City, both part of Metro Manila. Bounded by the South China Sea on the west, the Philippine Sea on the east and the Celebes Sea on the southwest, the Philippines shares maritime borders with Taiwan to the north, Japan to the northeast, Vietnam to the west, Palau to the east, and Malaysia and Indonesia to the south.
A holding company is a company that owns other companies' outstanding stock. A holding company usually does not produce goods or services itself ; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.
First Pacific Company Limited is a Hong Kong-based investment management and holding company with operations located in Asia. It involves telecommunications, consumer food products and infrastructure.
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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]
