Keppel Infrastructure Trust and Metro Pacific Investments completed the acquisition of Philippine Tank Storage International Holdings for $334m.

Private equity investors Keppel Infrastructure Trust and Metro Pacific Investments completed the acquisition of Philippine Tank Storage International Holdings, a petroleum storage company, for $334m. "With PCSPC accounting for 36 percent of the total import terminal storage requirements of the Philippines, MPIC sees this facility as vital energy infrastructure for the country. MPIC and its strategic partner KIT look forward to further expanding the capacity of PCSPC to provide millions of Filipinos with added energy security,” Manuel Pangilinan, Metro Pacific Chairman.