Metro Pacific Posts PhP15B Core Net Income in 2018

Metro Pacific Investments Corp. (MPIC) (PSE: MPI) has reported a 7% rise in consolidated core net income to PhP15.1 billion for the year ended December 31, 2018, mainly driven by: (i) an expanded power portfolio following further investment in Beacon Electric Asset Holdings Inc. in 2017; (ii) continuing traffic growth on all domestic roads; and […]
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MPIC Acquires Additional 10% Stake in Meralco

Manila–(PHStocks)–Metro Pacific Investments Corp. (MPIC, PSE: MPI) has announced that Beacon Electric Asset Holdings Inc., a special purpose company jointly owned by MPIC and PLDT Communications and Energy Ventures (PCEV), will sell 112.71 million shares, comprising approximately 10%, in Manila Electric Company (Meralco, PSE: MER), to MPIC at a price of PhP235 per share for […]
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