Metro Pacific Investments Corporation (PSE:MPI) acquired an additional 2% stake in Manila Electric Company (PSE:MER) for PHP 7.8 billion on July 29, 2022. As part of the transaction, Metro Pacific acquired 22.542 million shares at a priced of PHP 344 per share, increasing Metro Pacific's stake to approximately 47.5% in Manila Electric.

Metro Pacific Investments Corporation (PSE:MPI) completed the acquisition of an additional 2% stake in Manila Electric Company (PSE:MER) on July 29, 2022.