MPTC acquires 2.6% gov’t stake in NLEX for P2.5b

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Metro Pacific Tollways Corp. said Monday it acquired the 2.61-percent government stake in NLEX Corp. for P2.5 billion.

“We recognize that we, too, are in public service under a private entity. Our commitment is to provide efficient, safe, and convenient travel to our motoring public, as well as connect people and transform communities,” Singson said. ​ NLEX earlier booked a net income of P2.1 billion in the first quarter of 2024, up 38 percent from P1.5 billion in the same period last year.

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MlaStandard /  🏆 20. in PH

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