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.
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%.