Metro Pacific Investments Corporation Wins Distinguished Best Privatization Award at Triple A Sustainable Finance Awards 2024

PASIG, Philippines, 12th March 2024 – Metro Pacific Investments Corporation (MPIC) has been honored with the Best Privatization Award at the Triple A Sustainable Finance Awards 2024. The esteemed recognition establishes MPIC’s standing as a leader in sustainable finance and its dedication to encouraging beneficial transformation in the business world. 

The Triple A Sustainable Finance Awards, renowned for defining excellence in banking, finance, treasury, technology, investing, and the capital markets, highlight the pioneering efforts of corporates, institutions, and individuals who are driving sustainability and responsible financial practices.  

The successful delisting tender offer, orchestrated by Mitsui & Company/Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development of Japan, First Pacific, GT Capital Holdings, and MIG Holdings for MPIC, has set a new standard for privatization endeavors. This transaction represents a milestone in Philippine tender offers, showcasing the largest enterprise value of approximately US$7.5 billion and the largest equity value of about US$2.7 billion. 

MPIC’s award-winning transaction stands out as an achievement in the finance landscape and serves as a driving force for future privatization endeavors worldwide.

“The Triple A Sustainable Finance Awards showcase the profound influence of sustainability in financial thinking, and we are honored to be acknowledged for Best Privatization. This inspires us to continue pursuing positive change in the way we do our finances,” said Manuel V. Pangilinan, Chairman, President, and CEO of MPIC. 

By aligning with the United Nations Sustainable Development Goals (SDGs), MPIC’s privatization demonstrates a strategic approach to finance that prioritizes sustainability alongside financial performance. The Triple A Sustainable Finance Awards validate MPIC’s leadership and vision in cultivating development within the finance sector. 

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About Metro Pacific Investments Corporation (“MPIC”)

MPIC is a leading Philippine company with investments in power, toll roads, water, transportation, healthcare and real estate. The Company seeks to create long-term value for all its stakeholders through responsible and sustainable investments that contribute to national progress and improve the quality of life in the communities it serves.

MPIC and its group of companies are making a difference in the lives of millions of Filipinos, powering commerce and households, connecting people and places, delivering clean and safe water, and making world-class healthcare available to all.

For further information please contact:

Melody del Rosario

Vice President, PR & Corp. Comms (MPIC)

Cel. No. 0918 9635639