MANILA, Philippines – After their game-changing partnership in the telecommunications business, businessman Manuel V. Pangilinan and tycoon John Gokongwei have formed a new alliance to jointly bid for the P17.5-billion Mactan Cebu International Airport passenger terminal redevelopment project. Pangilinan-led infrastructure holding firm Metro Pacific Investments Corp. and the Gokongwei-led JG Summit Holdings disclosed to the Philippine Stock Exchange on Monday the signing of an agreement to create a joint venture firm called MPIC-JGS Airport Consortium, Inc. This firm will be majority-owned by MPIC while JG Summit will own 33 percent. An airport operator partner will be...
Keep on reading: MVP, Gokongwei ink deal to bid for P17.5-B Mactan airport project
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