METRO Pacific Tollways Corp. (MPTC) has deferred plans for an initial public offering (IPO) amid talks to merge the expressway businesses of San Miguel Corp. (SMC) and MPTC's parent firm, Metro Pacific Investments Corp. (MPIC).
Rogelio Singson, president and chief executive of MPTC, said the planned IPO, originally set for the third quarter of this year, would have to be delayed until 2025.
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