San Miguel Corp. and Metro Pacific Tollways Corp. plan to merge toll road operations in the Philippines and Indonesia, focusing on listing an infrastructure giant and developing elevated toll roads.
San Miguel Corp. (SMC) and Metro Pacific Tollways Corp. (MPTC) may merge their toll road operations in the Philippines and Indonesia over the next few months, with a focus on simplifying business structures. The joint venture aims to list an infrastructure giant in the Philippine Stock Exchange and develop elevated toll roads on congested roads like C5 and EDSA. The companies have profitable tollway ventures across the Philippines and neighboring countries.
March 24, 2024
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