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Billionaire Anthoni Salim-Backed Metro Pacific Sells Philippine Oil Depot Stake In $296 Million Deal

12 6
23.10.2024

A Philippine Coastal Storage & Pipeline facility at the former US naval base in Subic, north of ... [ ] Manila.

Metro Pacific Investments—a unit of Indonesian tycoon Anthoni Salim’s Hong Kong-based First Pacific—is exiting from the Philippines’ largest imported oil storage facility along with Singapore-based partner Keppel Infrastructure Trust.

Miami-based private equity firm I Squared Capital will buy Philippine Coastal Storage & Pipeline, an equally-owned joint venture company of Metro Pacific and Keppel Infrastructure, in a $296 million........

© Forbes


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