March 02, 2015 10:10 AM ET

Transportation Infrastructure

Company Overview of Metro Pacific Tollways Corp.

Company Overview

Metro Pacific Tollways Corporation, an investment holding company, engages in the tollways business activities in the Philippines. It primarily operates North Luzon Expressway, Subic-Clark-Tarlac Expressway, and Manila Cavite Toll Expressway toll road facilities. The company was formerly known as First Philippine Infrastructure, Inc. and changed its name to Metro Pacific Tollways Corporation in February 2009. Metro Pacific Tollways Corporation was incorporated in 1970 and is based in Makati City, the Philippines. Metro Pacific Tollways Corporation is a subsidiary of Metro Pacific Investments Corporation.

MGO Building

10th Floor

Legaspi Corner Dela Rosa Streets

Legaspi Village

Makati City,  0721

Philippines

Founded in 1970

Phone:

63 2 888 0888

Fax:

63 2 888 0813

Key Executives for Metro Pacific Tollways Corp.

Chief Executive Officer, President and Director
Age: 58
Chief Finance officer, Chief Risk officer, Treasurer, Compliance officer and Director
Age: 40
Corporate Information Officer
Age: 50
Corporate Secretary and Director
Age: 61
Assistant Corporate Secretary
Age: 45
Compensation as of Fiscal Year 2014.

Metro Pacific Tollways Corp. Key Developments

Metro Pacific Tollways Corp. Reports Earnings Results for the Year Ended December 31, 2014

Metro Pacific Tollways Corp. reported earnings results for the year ended December 31, 2014. The company's core net income of PHP 2.2 billion for the period was 10% higher than a year earlier as a result of strong traffic growth and increased shareholding in the NLEX.

Metro Pacific Investments Seeking To Sell Stake In Metro Pacific Tollways

Metro Pacific Investments Corporation (PSE:MPI) is seeking to sell Stake in Metro Pacific Tollways Corp. Metro Pacific Investments Corp. is set to restart the process of taking in a foreign strategic partner in Metro Pacific Tollways Corp. this year. Ramoncito Fernandez, President of Metro Pacific Tollways Corp., said that the company is reviving plans to sell a 20% in Metro Pacific Tollways Corp. preferably to a foreign strategic investor to help firm up efforts to pursue more infrastructure projects this year. Fernandez said plans to sell a 20% in Metro Pacific Tollways Corp. was put on hold last year but would now be revived after the Metro Pacific Investments Corp. unit was finally awarded the concession for the 94-kilometer Subic – Clark – Tarlac expressway. The Metro Pacific Investments Corp. unit is looking at raising as much as PHP 70 billion from the transaction.

FPM Infrastructure To Up Stake In Don Muang Tollway

Ramoncito Fernandez, President and Chief Executive Officer of Metro Pacific Tollways Corp. said that FPM Infrastructure Holdings Limited owned by Metro Pacific Investments Corp (PSE:MPI) and First Pacific Company Ltd. (SEHK:142) is set to start negotiations to increase its 29.45% interest in Don Muang Tollway Public Company Limited to about 50%. “Hopefully (we can start negotiations) by the first half of next year,” Ramoncito Fernandez said. The vendor of Don Muang Tollway Public Company Limited's stake is a 50-50 joint venture between The Bank of Tokyo-Mitsubishi UFJ, Ltd. and South East Asian Strategic Assets Fund, L.P. managed by Capital Advisors Partners Asia Pte Ltd.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 14, 2015
Ho Chi Minh City Infrastructure Investment Joint Stock Company
Merger/Acquisition
January 14, 2015
CII Bridges and Road Investment Joint Stock Company
 

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