Maharlika fund completes stake acquisition in Asian Terminals
MANILA — Maharlika Investment Corporation (MIC) has finalized its acquisition of shares in Asian Terminals Inc. (ATI), marking its entry into the country’s port and logistics sector.
In a statement released Tuesday, MIC said it completed the crossing and settlement of shares obtained through a tender offer. The shares were crossed via the Philippine Stock Exchange on March 13, 2026, with settlement finalized on March 17.
The acquisition involved shares from major stakeholders, including Seawood Resources Inc., Kayak Holdings Inc., Asiasec Equities Inc., as well as other participants in the tender offer.
A total of 177.6 million ATI common shares were covered in the transaction, with 101.2 million shares allocated to MIC and 76.4 million shares going to ATI as part of its share buyback program.
Following the deal, MIC has become a key shareholder in ATI, securing a stake in one of the country’s major port and logistics operators.
MIC President and CEO Rafael Consing Jr. said the investment aligns with the fund’s strategy of entering industries critical to economic growth, describing the port sector as essential to the country’s economic system.
He added that MIC’s stake and board representation in ATI will help ensure that the investment delivers long-term public value.
MIC said the move is expected to generate employment, enhance logistics and supply chain efficiency, and support the digital transformation of port operations.
The corporation manages the Maharlika Investment Fund, the Philippines’ sovereign wealth fund, and focuses its investments on strategic sectors such as infrastructure, energy, agriculture, and digitalization.
NPO News Team | Philippine News Agency - PR
