Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) is turning the humble coconut into a global growth engine, uniting two of the Philippines’ biggest exporters under one platform.
This comes as KKR & Co. and Singapore sovereign wealth fund GIC are moving to unload their combined 80 percent stake in Metro Pacific Health after buying into the company six years ago.
“GT Capital’s core net income grew by 11 percent in 2024, building on the record levels achieved the previous year,” GT Capital president Carmelo Maria Luza Bautista said in a statement. “This continuous improvement reflects the group’s strong fundamentals across diversified sectors.”
Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp., the owner of the country’s biggest chain of private hospitals, is taking over telehealth leader KonsultaMD from the Ayala Group, expanding its reach with millions of new users.
Minority stockholders of Metro Pacific Investments Corp. who missed the tender offer deadline last year still have an opportunity to sell their shares.