1.

MPIC meaning in Business ?

Answer» What is Metro Pacific Investments Corporation mean?

Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines.

In May 2016, GT Capital Holdings Inc. acquired 15.6 percent of MPIC, which will, in turn, buy control over GT Capital’s Global Business Power Corporation in a deal worth PHP 29.89 billion. GT Capital acquired 3.6 billion new common shares in MPIC at PHP 6.10 per share amounting to a stake of 11.4 percent on an expanded capital base for a total cash consideration of PHP 21.96 billion. It also acquired a further 1.3 billion common shares in MPIC from Metro Pacific Holdings, Inc. (MPHI), a Philippine affiliate of First Pacific Company, at the same price, for a total of PHP 7.93 billion in cash. These transactions result in GT Capital holding an overall stake of 15.6 percent of the common share capital of MPIC in a new business alliance between the two business groups.

reference
Full Form Category
McGill Psychology Internship Consortium Academic & Science
Max Planck Institute for Chemistry Academic & Science
Marketplace Program Integrity Contractor Business
Mississippi Prison Industries Corporation Business
Metro Pacific Investments Corporation Business
Municipal Property Insurance Company Business
Master Plan Implementation Committee Community
Miraloma Park Improvement Club Community
Molecular Pathology and Imaging Core General
Most People Inspect Carefully General
Multiple Pairwise Image Correlation General
Michigan Potato Industry Commission General
Ministry of Plantation Industries Commodities Governmental
Materials Planning and Inventory Control Governmental
MAHSA Prima International College International
Malaysia Polymer International Conference International


Discussion

No Comment Found