MANILA/SINGAPORE, Aug 1 (Reuters) - Philippines' Metro
Pacific Investments Corp MPI.PS has received interest from a
variety of potential buyers for a minority stake in its
hospital unit, which could be valued at up to $2.5 billion,
company executives said on Thursday.
More than a dozen foreign and Philippine firms have shown
interest in submitting first-round, non-binding bids this month,
David Nicol, chief financial officer of Metro Pacific, told
Reuters.
The investment and infrastructure holding company plans to
sell a 40% stake in Metro Pacific Hospital Holdings Inc at a
valuation of $2-$2.5 billion, company chairman Manuel Pangilinan
told Reuters. Metro Pacific owns 85.6% of the healthcare unit,
which operates 14 hospitals.