HK-listed First Pacific raises offer for stake in Philippine's Metro Pacific to $990m

HK-listed First Pacific raises offer for stake in Philippine's Metro Pacific to $990m

MPIC Chairman Manuel V. Pangilinan

First Pacific on Tuesday raised its offer price to buy a 36.6% stake in Philippine infrastructure firm Metro Pacific Investments Corp (MPIC), for up to 54.8 billion Philippine pesos ($990.69 million).