Metro Pacific bares plan to quit bourse

By The Manila Times

Apr 28, 2023 12:31 am

(UPDATE) PANGILINAN-LED Metro Pacific Investments Corp. (MPIC) is planning to delist from the Philippine Stock Exchange (PSE) under a deal that will see Japan's Mitsui & Co. Ltd. become a major shareholder.

In a disclosure on Thursday, the firm said that its board had approved the filing of a delisting application after a consortium made up of top shareholders proposed a 'tender offer for common shares... with a view to taking MPIC private through a voluntary delisting process.'

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