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MPI buys into Vietnamese toll road firm

19 Jan

BY REGINA CAPITAL DEVELOPMENT CORPORATION

Metro Pacific Investments Corp. (MPI) gained a 45% stake in CII Bridges and Roads Investment Joint Stock Co (CII B&R), a Vietnam-based infrastructure firm.

CII B&R is into road and bridge construction, clean water production, industrial zone and real estate infrastructure.

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The deal, which involved a share sale and issuance of bonds convertible to equity, was valued at PHP 4.5 billion.

MPI is also interested in increasing its stake in Thai toll road operator Don Muang Tollway to 50% from 29.45%.

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Posted by on January 19, 2015 in Corporate News, MPI, Stock Market

 

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