Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Maynilad Water Utility Nearing Deal With Marubeni, Consunji Says

Maynilad Water Services Inc. is nearing a deal with the Japanese trading company Marubeni to sell a 20 percent stake in the Manila water provider for about $400 million, DMCI Holdings President Isidro Consunji said.

The Philippine builder will use proceeds from the Maynilad stake sale to help fund an expansion in power, infrastructure and mining, Consunji said today. Marubeni may complete the acquisition by September, Chief Operating Officer Herbert Consunji said.

DMCI’s stake in Maynilad, jointly owned with Metro Pacific Investments Corp., would drop by 16 percent after the deal to 25 percent. DMCI would receive about 14 billion pesos from the sale, the COO said. Metro Pacific would give up a 4 percent stake in the deal, the Philippine Daily Inquirer said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.