Metro Pac close to acquiring Skyway firm

MANILA, Philippines–The local infrastructure unit of Hong Kong-based First Pacific Co. Ltd. may soon acquire a majority stake in the company that operates the Skyway elevated toll road in southern Metro Manila.

According to Metro Pacific Tollways Corp. (MPTC) president and CEO Ramoncito Fernandez, the group is in discussion with Citra Metro Manila Tollways Corp. (CMMTC) for possible equity infusion by the Manuel Pangilinan-led group into the latter.

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