Sumitomo completed the acquisition of a 34.9% stake in Metro Pacific Light Rail from Metro Pacific Investment for PHP3.04bn.

Sumitomo, a trading and investment company, completed the acquisition of a 34.9% stake in Metro Pacific Light Rail, a subsidiary of Philippine-listed infrastructure conglomerate Metro Pacific Investment for PHP3.04bn. "Sumitomo is keen to share our 100 years-worth of global investment and operational experience. We are confident that our investment and expertise will provide the support the expanding Manila public transit infrastructure needs to grow, and to bring local communities even closer through the Cavite extension. We thank MPIC for this unique opportunity and we look forward to many years of future investment in the Philippines,” Eita Fujikawa, Sumitomo General Manager.