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Business > Corporate News
Metro Pacific eyes LRT-1 stake
By The Manila Times
Feb 21, 2024 12:36 am

BUSINESSMAN Manuel Pangilinan's Metro Pacific Investments Corp. (MPIC) has expressed interest in acquiring Ayala Corp.'s 35-percent stake in Light Rail Manila Corp. (LRMC), the private operator of the Light Rail Transit (LRT) Line 1 (LRT 1).

'I think in principle we are [interested] for a number of reasons. One is the possibility of being able to bid for the MRT 3 (Metro Rail Transit Line 3),' MPIC Chairman Manuel Pangilinan told reporters.

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