MANILA, Philippines — Infrastructure giant Metro Pacific Investments Corp. (MPIC) is acquiring an additional 1.9-percent stake in Manila Electric Co. (Meralco) from San Miguel Corp. (SMC) for P12.4 billion, a move reflecting the Pangilinan Group’s bullishness in the power utility. The group at Meralco’s helm said it had inked an agreement with SMC’s energy arm, San […]...

Keep on reading: MPIC raises stake in Meralco with P12.4-B San Miguel deal