A successful voluntary delisting tender offer process was completed on 9 October 2023 with the delisting of MPIC from the PSE.
The tender offer price was 5.20 pesos (US$0.09) per MPIC share, valuing MPIC at 149.2 billion pesos (US$2.7 billion) in equity value on a 100% basis.
The privatization aims to release the intrinsic value of MPIC’s core investments in infrastructure in the Philippines. No substantial change in the nature of MPIC’s businesses is planned, which will continue to focus on key sectors including power, toll roads, water, healthcare, rail and newer businesses in food and agriculture.