Philippine infrastructure king decides to go private

Metro Pacific's Pangilinan seeks freedom to pursue new businesses

Manuel Pangilinan, chairman and president of Metro Pacific Investments Corp., plans to delist the group after a tender offer closes in June. (Photo by Lester Babiera)

YUICHI SHIGA and KEIGO YOSHIDA, Nikkei staff writers

May 29, 2023 09:31 JST

MANILA/TOKYO -- Manuel Pangilinan, chairman and president of Philippine infrastructure giant Metro Pacific Investments Corp., is fed up with being undervalued by the stock market.