October 2024, Manila, Philippines – Leading Philippine infrastructure firm Metro Pacific Investments Corporation (MPIC) has entered into a definitive agreement to sell its 50% stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) to an affiliate of global infrastructure investor I Squared Capital (ISQ).
October 2024, Manila, Philippines – Leading Philippine infrastructure firm Metro Pacific Investments Corporation has entered into a definitive agreement to sell its 50% stake in Philippine Coastal Storage & Pipeline Corporation to an affiliate of global infrastructure investor I Squared Capital .
PCSPC, located in the Subic Bay Freeport Zone, is the largest jet fuel, petroleum and sustainable fuels import terminal in the Philippines, boasting a storage capacity of over 6 million barrels. The terminal plays a vital role in ensuring the reliable entry of liquid fuel products into the country, serving the needs of major commodity providers and other strategic interests.
The transaction’s completion is subject to regulatory approvals and other customary closing conditions. Until then, MPIC, KIT, and ISQ will work closely with PCSPC’s management to ensure a seamless transition and continuity of operations.
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