METRO PACIFIC SELLS SUBSIDIARY’S SHARES FOR $35.2 MILLION

Metro Pacific Investments Corp has disclosed the sale of the shares of stock owned by its subsidiary in Indonesia for $35.2 million equivalent to P1.778 billion.

MPIC sold the 10.32 % holdings of its Indonesian subsidiary , CIIF Infrastructure Holdings Sdn Berhad in PT Margautama Nusantera to West Nippon Expressway, Japan Expressway International Co. Ltd. And Japan Overseas Infrastructure Investment  Corp for Transport and Urban Development.


The company said the sale is meant to boost its strategic partnership of MPIC with Jexway, Nexco-West and JOIN.

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