Metro Pacific Investments
Philippine conglomerate
From Wikipedia, the free encyclopedia
Metro Pacific Investments Corporation (MPIC) is a Philippine unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc.[2][3][4] 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.
| |
| Company type | Privately-held investment company |
|---|---|
| Founded | March 20, 2006 |
| Headquarters | 9th Floor, Tower One, Rockwell Business Center, Ortigas Avenue, Ortigas Center, Brgy. Ugong, 1604, , |
Area served | Philippines |
Key people |
|
| Revenue |  PHP50.88 billion (2022) |
| PHP16.94 billion (2022) | |
| PHP13.14 billion (2022) | |
| Total assets | PHP643.8 billion (2022) |
| Total equity | PHP245.04 billion (2022) |
| Owner | Metro Pacific Holdings, Inc. (46.28%)[2] GT Capital (18%) Mit-Pacific (14.51%) Government Service Insurance System (11.56%) MIG Holdings (of Manny V. Pangilinan)(7.10%) Social Security System(1.78%) Ramon S. Ang (undisclosed) |
| Parent | First Pacific Company Limited |
| Subsidiaries | DMCI-MPIC Water Company, Inc. Metro Pacific Tollways Corporation Neo Oracle Holdings Inc. Beacon Electric Asset Holdings Inc. |
| Website | www |
History
First Pacific's Philippine investment holding interests other than that of PLDT and Philex Mining were in the distinct, similarly-named juridical entity "Metro Pacific Corporation" [5][6][7][8][9][10][11] now renamed to "Neo Oracle Holdngs, Inc."[12]. This included the creation, masterplanning and development of Bonifacio Global City[13] before selling out to Ayala Land and Campos groups[14].
In May 2016, GT Capital Holdings Inc. (GTCAP) acquired 15.6 percent of MPIC, which will, in turn, buy control over GTCAP's Global Business Power Corporation in a deal worth PHP 29.89 billion. T 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, at the same price, for a total of PHP 7.93 billion in cash. These transactions resulted 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.[15]
As initially hinted at on late April 2023[16], the company formally filed on August 2023 for voluntary delisting from the Philippine Stock Exchange (PSE).[17] The company completed its tender offer on September 19, acquiring 5.46 billion common shares equivalent to 19% of the company and was eventually delisted effective October 9. Eight days later on October 17, Ramon S. Ang was elected a member of the company's board of directors after making a direct investment in MPIC. However, the size of Ang's investment was not disclosed.[18][19]
Subsidiaries
Water
- Maynilad Water Holding Company Inc.
- Maynilad Water Services - 83.96% controlling stake[citation needed]
- Metropac Water Investments Corporation
Power
- Manila Electric Company (MERALCO) - holds 10.5% direct stake
- Beacon Electric Asset Holdings Inc.[23]
A special purpose company formed in early 2010 [24][25] [26] by the consortium of sister company PLDT and PLDT Communication and Energy Ventures (formerly Piltel, itself owned by PLDT) whose sole purpose is to hold the group's shares in MERALCO.[27] On May 30, 2016, Bloomberg reported that PLDT would sell its shares in Beacon to MPIC in order to fund the jont-venture with Globe to acquire the 700MHz spectrum from San Miguel Corporation.[28] It indeed did that the next year.[23]
- Manila Electric Company (MERALCO) - 35% stake (as of 2017)
- San Miguel Global Business Power (GBP) - 56% (as of 2017)
Infrastructure / Transport
- MPIC Infrastructure Holdings Limited (BVI)
- Metro Pacific Tollways Corporation
- NLEX Corporation
- North Luzon Expressway
- NLEX Harbor Link
- NLEX Connector
- Subic–Clark–Tarlac Expressway
- Easytrip Services Corporation
- MPT South
- Cebu–Cordova Link Expressway
- NLEX Corporation
- Metro Pacific Light Rail Corp.
- Light Rail Manila Corporation - a joint venture railway company with Ayala Corporation along with Macquarie Infrastructure, Sumitomo Corporaton that operates the Manila Line 1 under a 32-year concession agreement with the Light Rail Transit Authority
Logistics
- MetroPac Logistics Company, Inc.
- Metropac Movers, Inc. (MMI)
Healthcare
- Metro Pacific Hospital Holdings, Inc. (MPHHI) - holds 43.1% stake and management control[29]
- Luzon
- East Manila Hospital Managers Corporation (EMHMC)
- Our Lady of Lourdes Hospital, Manila (20-year lease through EMHMC)
- Asian Hospital and Medical Center , Muntinlupa (86% stake)
- Colinas Verdes Hospital Managers Corporation (CVHMC)
- Cardinal Santos Medical Center, San Juan
- Medical Doctors Inc.
- Makati Medical Center (33% stake), Makati
- Sacred Heart Hospital of Malolos (51% stake), Malolos City, Bulacan
- Manila Doctors Hospital (20% stake), Manila
- 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
- UHBI-Parañaque Doctors Hospital[30]
- Los Baños Doctors Hospital and Medical Center[31]
- Diliman Doctors Hospital, Inc. (DDHI)[32]
- City of General Trias Doctors Medical Center Inc. (Gentri Docs)[33]
- East Manila Hospital Managers Corporation (EMHMC)
- Visayas
- The Riverside Medical Center Inc., Bacolod
- Ramiro Community Hospital, Tagbilaran
- Mindanao
- Davao Doctors Hospital Inc. (“DDH”)
- Davao Doctors Hospital (34% stake)
- West Metro Medical Center, Zamboanga City
- St. Elizabeth Hospital, General Santos City (80% stake)
- Manuel J. Santos Hospital, Butuan
- San Francisco Doctors Hospital, Inc. (SFDH), Agusan del Sur[34]
- Davao Doctors Hospital Inc. (“DDH”)
- Luzon
- Metro Pacific Health Tech Corporation
- In July 2021, MPIC launched its first high-performance mobile app, called mWell PH.[35]
Food and Beverage
- Metro Pacific Agro Ventures, Inc.
- The Laguna Creamery Inc. (Carmen's Best Ice Cream - 51% stake[36])
- Carmen’s Best Dairy Products, Inc.
- Carmen’s Best International Dairy Co. Inc.
- Real Fresh Dairy Farms Inc.
- Axelum Resources Corp (34.8%[37][38][39][40])
- Universal Harvester Dairy Farms Incorporated (UHDFI) - Bukidnon Milk Company[41][42]
- The Laguna Creamery Inc. (Carmen's Best Ice Cream - 51% stake[36])
- Metro Pacific Coconut Holdings Corporation [43][44]
- Franklin Baker Group of Companies
Real Estate
- Landco Pacific Corporation
- Metro Vantage Properties, Inc.
Finance
Education
- Davao Doctors College, Davao City
- Riverside College (Philippines), Bacolod City
Others
- Viva Communications (2.89%)[citation needed]
- IdeaSpace Foundation (QBO Philippines - startup incubator based in Makati City) [45]
- Metro Pacific Resource Recovery Corporation
- MetroPac Apollo Holding, Inc.
