Provincial Government of Pangasinan and the Consortium of Manila Water Company, Inc. and Manila Water Philippine Ventures, Inc. Announce Termination of Concession Agreement
January 02, 2024 at 07:04 pm EST
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Further to January 14, 2022 disclosure on the signing of a Concession Agreement between the Provincial Government of Pangasinan and the consortium of Manila Water Company, Inc. and its wholly-owned subsidiary, Manila Water Philippine Ventures, Inc. (collectively, the "Consortium") informed the Exchange that due to non-fulfillment of conditions precedent by PGP, the CA was deemed terminated effective December 31, 2023.
Manila Water Company, Inc. provides water, integrated used water, sewerage and sanitation, distribution services, pipework, engineering, procurement and management services. Its segments include Manila Concession and Head Office, Domestic Subsidiaries and Foreign Subsidiaries. The Manila Concession and Head Office represents the operations of the Manila Concession (East Zone) of the Parent Company in accordance with its Concession Agreement. The Domestic Subsidiaries include Philippine businesses, such as MWIS, Calasiao Water, MWPVI (including Boracay Water, Calbayog Water, Clark Water, Filipinas Water, Bulakan Water, Ilagan Water, South Luzon Water, Obando Water, Laguna Water, North Luzon Water, Davao Water, Tagum Water, MW Consortium, Cebu Water, Aqua Centro, BMDC, EcoWater, Leyte Water, MWTV, and Zamboanga Water). The Foreign Subsidiaries consist of businesses outside the Philippines under Manila Water Asia Pacific Pte. Ltd. (KDWH, MWSAH, TDWH, MWTH, MWTC, MSEA, and PTMWI).
Provincial Government of Pangasinan and the Consortium of Manila Water Company, Inc. and Manila Water Philippine Ventures, Inc. Announce Termination of Concession Agreement
MANILA WATER COMPANY, INC. 
