MPTC-San Miguel tollway merger likely in third quarter — Pangilinan (opens original article in a new tab)

MPTC expects its merger with San Miguel Corp. to be completed by the third quarter, with San Miguel likely to hold a majority stake. The deal will combine the country's two largest toll road operators, excluding MPTC's Indonesian and Vietnamese assets.

• MPTC merger with San Miguel Corp. expected in Q3 with San Miguel holding majority stake.
• The merger combines the Philippines' two largest toll road operators, excluding international assets.
• MPTC's debt reduction efforts include private placements and potential IPO.