First Pacific-Lopez alliance to control Meralco board

First Pacific Company and the Lopez group expects to retain five seats in Manila Electric Company as against the four seats of the San Miguel Corporation and Ongpin group.

During a press briefing, First Pacific managing director Manuel Pangilinan said the FPC group will nominate Pangilinan, Philippine Long Distance Telephone Company director Ray Espinosa and PLDT president Napoleon Nazareno to the Meralco board.

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