Reported about 1 month ago
Metro Pacific Investments Corp., a Philippine conglomerate, is exploring a potential fundraising of at least $500 million for its toll road business, potentially valuing its tollways unit at around $5 billion. The company has engaged a financial adviser for this initiative and is gauging interest from investors, while also discussing a possible merger with San Miguel Corp. to combine their toll road operations, which could create a $10 billion entity.
Source: YAHOO