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MPIC to hike Maynilad stake.
Byline: Kristine Jane R. Liu
Pangilinan-led Metro Pacific Investments Corp. (MPIC) will increase its interest in Maynilad Water Services, Inc. by buying the remaining stake of Lyonnaise Asia Water Pte. Ltd. in the water concessionaire.
MPIC told the stock exchange yesterday it had agreed to acquire the French firm's stake "in line with its objective to consolidate and support its utilities and infrastructure interests in Maynilad."
MPIC will increase its stake to 56.8% from 51% as soon as it buys Lyonnaise's …
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