PH oil import storage firm seeks investor

By Reuters

Aug 24, 2024 12:19 am

SINGAPORE/MANILA — Owners of Philippine Tank Storage International are seeking to bring a strategic investor into the company that runs the biggest petroleum products import storage facility in the country, two people with knowledge of the matter said.

Singapore's Keppel Infrastructure Trust and Philippine conglomerate Metro Pacific Investments Corp. (MPIC) are weighing the deal that could potentially value the asset at up to $500 million, one of the people said.

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