First Pacific, GT Capital and Mitsui completed the acquisition of a 36.7% stake in Metro Pacific Investments for $986m.

First Pacific, an investment holding company, GT Capital, a Philippine conglomerate, and Mitsui, a global trading and investment company, completed the acquisition of a 36.7% stake in Metro Pacific Investments, a unit investment holding company, for $986m. On July 4, 2023, the consortium raised the tender offer price to $986m. “We regard this new offer as the best and final price the Bidders are able to deliver to MPIC’s minority shareholders. Due to the transaction timetable, approvals, and regulatory requirements of the entire process across multiple jurisdictions, there will be no further opportunity to adjust the price,” Christopher H. Young, First Pacific Executive Director.