METRO Pacific Tollways Development Corp. (MPTDC) has bought additional shares in Tollways Management Corp. (TMC), raising its stake to 60 percent in the North Luzon Expressway (NLEX) operator as a part of the group’s aim to leverage on the toll road business.
In a disclosure to the Philippine Stock Exchange on Thursday, Metro Pacific Investment Corp. (MPIC) said MPTDC acquired on Wednesday 53,200 common shares of TMC from Egis Road Operation S.A., representing 14 percent stake in TMC.
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