PH-listed Metro Pacific exits Thailand’s AIF Toll Roads for $149m

Philippine-listed infrastructure conglomerate Metro Pacific Investment Corporation (MPIC) announced on Wednesday that its subsidiary in Thailand has sold its 100% stake in AIF Toll Roads Holdings (Thailand) to several parties for $149.25 million.

AIF Toll Roads owns approximately 24.95% the outstanding shares in Don Muang Tollway Public Company Limited (DMT), the operator of a major toll road facility in Bangkok.

Working under a 27-year concession ending in 2034, DMT operates a 21.9-km six-lane elevated toll road stretching from Din Daeng in central Bangkok past Don Muaeng Airport and on to the National Monument north of the capital.

Metro Pacific said FMP Tollway (Thailand), a 100% indirect subsidiary of Metro Pacific Tollways Corporation (MPTC), has entered into share purchase agreements with several parties for the sale of its shareholdings in…