Ownership of NLEX Corporation
NLEX Corporation: A Subsidiary of Metro Pacific Tollways Corporation
NLEX Corporation, previously known as Manila North Tollways Corporation, operates as a subsidiary of Metro Pacific Tollways Corporation (MPTC). This relationship positions NLEX Corporation as a key player in the transportation infrastructure sector in the Philippines.
Metro Pacific Tollways Corporation: A Subsidiary of Metro Pacific Investments Corporation
Metro Pacific Tollways Corporation (MPTC) holds ownership of NLEX Corporation and plays a significant role in its operations. MPTC, in turn, is a subsidiary of Metro Pacific Investments Corporation (MPI), a renowned conglomerate with diverse investments across various industries.
The Acquisition of NLEX Corporation
In August 2008, the Metro Pacific group acquired NLEX Corporation from Lopez Holdings Corporation. This strategic acquisition allowed the Metro Pacific group to expand its portfolio and strengthen its presence in the tollways and expressway sector.
Concession Rights: Construct, Operate, and Maintain
NLEX Corporation holds the valuable concession rights for the construction, operation, and maintenance of two essential expressways in the Philippines: the North Luzon Expressway (NLEX) and the Subic–Clark–Tarlac Expressway (SCTEX). These expressways serve as critical arteries for transportation and commerce, facilitating the movement of goods and people across the region.
Partnership with EGIS Investment Partners Philippines Inc.
EGIS Investment Partners Philippines Inc. is a trusted partner of NLEX Corporation. This partnership further enhances NLEX Corporation’s capabilities and resources, contributing to its success in delivering efficient and reliable transportation services to the public.
In conclusion, NLEX Corporation operates as a subsidiary of Metro Pacific Tollways Corporation, which is itself a subsidiary of Metro Pacific Investments Corporation. The acquisition of NLEX Corporation in 2008 marked a significant milestone in its ownership history. With the concession rights for NLEX and SCTEX, NLEX Corporation plays a crucial role in developing and maintaining vital expressways in the Philippines. The partnership with EGIS Investment Partners Philippines Inc. further strengthens its position in the industry.
Sources:
- Wikipedia contributors. (2021, September 10). NLEX Corporation. In Wikipedia, The Free Encyclopedia. Retrieved from https://en.wikipedia.org/wiki/NLEX_Corporation
- NLEX Corporation. (n.d.). Partners and Shareholders – NLEX Corporation. Retrieved from https://nlex.com.ph/partners-and-shareholders/
- NLEX Corporation. (n.d.). About: NLEX Corporation. Retrieved from https://dbpedia.org/page/NLEX_Corporation
FAQs
Who owns NLEX Corporation?
NLEX Corporation is owned by Metro Pacific Tollways Corporation (MPTC), which is in turn owned by Metro Pacific Investments Corporation (MPI). This ownership structure places NLEX Corporation under the umbrella of the Metro Pacific group.
What was NLEX Corporation previously known as?
NLEX Corporation was previously known as Manila North Tollways Corporation before undergoing a name change.
When was NLEX Corporation acquired by the Metro Pacific group?
The Metro Pacific group acquired NLEX Corporation from Lopez Holdings Corporation in August 2008. This acquisition marked a significant milestone in the ownership history of NLEX Corporation.
What concession rights does NLEX Corporation hold?
NLEX Corporation holds the concession rights to construct, operate, and maintain two major expressways in the Philippines: the North Luzon Expressway (NLEX) and the Subic–Clark–Tarlac Expressway (SCTEX). These expressways are vital transportation arteries in the region.
Are there any notable partners of NLEX Corporation?
EGIS Investment Partners Philippines Inc. is a notable partner of NLEX Corporation. This partnership contributes to the company’s capabilities and resources in delivering transportation services.
What is the role of Metro Pacific Tollways Corporation?
Metro Pacific Tollways Corporation (MPTC) serves as the parent company of NLEX Corporation. MPTC oversees the operations and strategic direction of NLEX Corporation and plays a crucial role in the tollways and expressway sector in the Philippines.
How does NLEX Corporation contribute to transportation infrastructure in the Philippines?
NLEX Corporation, through its concession rights, plays a vital role in developing, operating, and maintaining key expressways in the Philippines. The North Luzon Expressway (NLEX) and the Subic–Clark–Tarlac Expressway (SCTEX) facilitate efficient transportation and connectivity within the region, supporting economic growth and development.
What are the benefits of the partnership with EGIS Investment Partners Philippines Inc.?
The partnership with EGIS Investment Partners Philippines Inc. brings added expertise and resources to NLEX Corporation. It strengthens the company’s capabilities in delivering transportation services and contributes to its overall success in the industry.