February 2, 2021 | 12:04 am Font Size
AAA
METRO PACIFIC Investments Corp. (MPIC) and its partner Singapore-listed Keppel Infrastructure Trust (KIT) have completed the acquisition of the Philippine Tank Storage International Holdings, Inc. (PTSI), which owns the largest petroleum products import storage facility in the Philippines, the former announced on Monday.
“Further to our disclosure filed on 9 December 2020, on 29 January 2021, MPIC and Keppel Infrastructure Fund Management Pte. Ltd., in its capacity as trustee-manager of KIT, completed the acquisition of 100% of the total issued capital stock of PTSI from Macquarie Infrastructure Holdings (Philippines) Pte. Limited, Government Service Insurance System and Langoer Investments Holding B.V.,” the listed investment holding company told the local bourse in a disclosure.