MANILA, Philippines - The toll road unit of infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) has taken 100-percent control of Indonesian toll road developer and operator PT Margautama Nusantara (MUN) with a P3.44-billion deal to buy out the minority shareholders. Metro Pacific Tollways Corp. (MPTC) has acquired an additional 24.98 percent interest in MUN, a private company which currently manages four strategic toll roads in Indonesia for around $67 million or P3.44 billion. In a disclosure to the Philippine Stock Exchange on Tuesday, MPTC, through its Singaporean subsidiary Metro Pacific Tollways Asia Corp. Pte. Ltd. (MPT Asia), acquired 100 p...
Keep on reading: MPIC gets 100% control of Indonesian tollroad firm
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