MPTC Listing Set For 2025

Metro Pacific Tollways Corp. (MPTC) is deferring its initial public offering (IPO) to 2025 due to the possibility of a partnership with San Miguel Corp, which also has its toll assets.

Developments in Metro Pacific, where SMC President Ramon S. Ang purchased shares, saw the possibility of joining toll assets for the two conglomerates. I Photo: Metro Pacific Tollways Corporation

MPTC, a subsidiary of Metro Pacific Investments Corp, which recently delisted its shares from the Philippine Stock Exchange, was earlier set to conduct an IPO next year.

However, developments in Metro Pacific, where SMC President Ramon S. Ang purchased shares, saw the possibility of joining toll assets for the two conglomerates. Thus, the delisted firm has adopted the company’s stance to weigh its options amid a plan to form a joint venture company with San Miguel Corp. (SMC).

“As far as MPTC is concerned, we are ready to do an IPO after the delisting of MPIC (Metro Pacific Investments Corp.). We’re going to be the first [in the group to list after the delisting],” Rogelio L. Singson, President, and Chief Executive Officer of MPTC, told reporters on the sidelines of the Transport Con 2023 conference.

However, because of the planned SMC joint venture, he said, “There will be delays.”

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