THE logistics arm of listed infrastructure conglomerate Metro Pacific Investments Corporation (MPIC) said it has acquired the businesses and assets of Ace Logistics Inc. for P280 million.
MPIC informed the Philippine Stock Exchange (PSE) on Wednesday of the conditional closing of the acquisition by PremierLogistics Inc., a subsidiary of MetroPac Movers, Inc. (MMI), of the assets and key contracts of Ace Logistics on Tuesday, April 4.
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