“While delisting as an option is being discussed, no final decision has been made. Furthermore, as stated in our disclosure dated Jan 12, 2023, MPIC has not entered into any definitive agreement relating to the acquisition of its shares by an investor,” it added.
This was despite the efforts by the blue chip index company to boost shareholders’ value through share buybacks. Meralco, which is 47 percent-owned by Metro Pacific, is the country’s largest electricity distributor.She said this was based on a so-called sum of parts valuation that is useful in appraising large conglomerates and various subsidiaries.Apart from Meralco and Maynilad, Metro Pacific owns a stake in the Light Rail Transit Line 1, tollroads such as North Luzon Expressway and Subic Clark Tarlac Expressway and the country’s largest chain of private hospitals.
Rumors of Metro Pacific’s delisting last surfaced shortly before the COVID-19 pandemic emerged in 2020.