Maharlika plans P8&billion investment in Asian Terminals stake

Maharlika plans P8&billion investment in Asian Terminals stake
THE PHILIPPINES’ sovereign wealth fund plans to spend about P8 billion to buy up to 11.2% of port operator Asian Terminals Inc. (ATI) in a “strategic” move to invest in the sector. The transaction will lead to ATI’s voluntary delisting from the Philippine Stock Exchange. In a statement on Tuesday, the Maharlika Investment Corp. (MIC) […]