San Miguel buys metro concessionaire

Manila MRT7 is being developed by Universal LRT Corp under a design, finance, build and operate PPP concession.

PHILIPPINES: Brewing, infrastructure and energy conglomerate San Miguel Corp has bought-out Universal LRT Corp and Salvador B Zamora II’s 49% stake in Manila Metro Rail Transit Line 7 concessionaire Universal LRT Corp (BVI) Ltd and 100% interest in designated future operator ULCOM for US$100m. San Miguel’s acquisition of 100% of ...

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