Metropac Water Investments Corp., the water unit of the infrastructure conglomerate Metro Pacific Investments Corp. (MPIC), has acquired 65 percent stake in a waterwaste treatment company, Eco-System Technologies International Inc. (ESTII) for P1.8 billion.
Metro Pacific has described the acquisition, which it disclosed to the Philippine Stock Exchange on Friday, as a strategic move that will allow the company to secure a huge market share in the high-growth waterwaste business in the country.
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