MVP, RSA hope to seal tollway deal this year

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Negotiations on the planned merger of the toll road units of Metro Pacific Investments Corp. and San Miguel Corp. are moving smoothly so far, with tycoons Manuel V. Pangilinan and Ramon Ang bullish on sealing the deal within the year.

MANILA, Philippines —

Ang said the inclusion of the Indonesian business of Metro Pacific Tollways Corp. in the proposed merger was also part of the due diligence being undertaken. In the Philippines, MPTC operates the North Luzon Expressway, Subic-Clark-Tarlac Expressway, Manila-Cavite Expressway, Cavite-Laguna Expressway and Cebu-Cordova Link Expressway.

Source: News Formal (newsformal.com)

Ramon Ang

 

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