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MPIC toll unit upbeat on merger with SMC

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METRO Pacific Tollways Corp. (MPTC), the tollways arm of Metro Pacific Investment Corp. (MPIC), is optimistic in coming to terms with San Miguel Corp. (SMC) for a possible merger.

METRO Pacific Tollways Corp. , the tollways arm of Metro Pacific Investment Corp. , is optimistic in coming to terms with San Miguel Corp. for a possible merger.Rogelio Singson, MPTC president and chief executive officer, said that they have 'engaged an advisor to look at evaluation for San Miguel and MPTC, and that's ongoing.''We hope to get better numbers and hopefully come into an agreement as to the merger valuation,' Singson told reporters earlier this month.

'Since we already have signed our investment agreement in Indonesia, Indonesia will be part of the basket,' Singson noted.MPTC, through subsidiaries PT Margautama Nusantara and PT Metro Pacific Tollways Indonesia Services, and partner Singapore sovereign fund, GIC recently inked a deal to acquire a 35-percent stake worth $1 billion in Indonesian firm Jasamarga Transjawa Tol .

 

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