Ownership of NLEX Corporation
NLEX Corporation, a transportation company based in the Philippines, is a privately owned entity. It operates as a subsidiary of Metro Pacific Tollways Corporation (MPTC), which, in turn, is owned by Metro Pacific Investments Corporation. This ownership structure places NLEX Corporation within the private sector.
Acquisition by Metro Pacific Group
In August 2008, the Metro Pacific group completed the acquisition of NLEX Corporation from Lopez Holdings Corporation. This transaction resulted in the Metro Pacific group gaining control over NLEX Corporation and its operations.
Concession Rights
NLEX Corporation holds the concession rights for the construction, operation, and maintenance of two major expressways in the Philippines: the North Luzon Expressway (NLEX) and the Subic–Clark–Tarlac Expressway (SCTEX). These expressways play a crucial role in facilitating transportation and connectivity in the region.
Merger with Tollways Management Corporation
In November 2016, NLEX Corporation underwent a significant merger with Tollways Management Corporation (TMC). As a result of the merger, NLEX Corporation emerged as the surviving company. TMC was primarily engaged in the operations and maintenance of tollways, as well as related infrastructure works.
By combining their resources and expertise, NLEX Corporation and TMC aimed to enhance their capabilities in managing and maintaining tollways, bringing about improved efficiency and service to the users of these vital transportation routes.
Sources:
- National Loan Exchange, Inc. | LinkedIn (https://www.linkedin.com/company/national-loan-exchange)
- NLEX Corporation – Wikipedia (https://en.wikipedia.org/wiki/NLEX_Corporation)
- “Government plans to sell stake in NLEX” – The Philippine Star (https://www.philstar.com/business/2023/02/20/2246148/government-plans-sell-stake-nlex)
FAQs
Is NLEX Corporation privately owned?
Yes, NLEX Corporation is a privately owned company.
Who owns NLEX Corporation?
NLEX Corporation is a subsidiary of Metro Pacific Tollways Corporation, which is owned by Metro Pacific Investments Corporation.
When was NLEX Corporation acquired?
NLEX Corporation was acquired by the Metro Pacific group in August 2008.
What are the concession rights held by NLEX Corporation?
NLEX Corporation holds the concession rights to construct, operate, and maintain the North Luzon Expressway (NLEX) and Subic–Clark–Tarlac Expressway (SCTEX).
Has NLEX Corporation undergone any mergers?
Yes, in November 2016, NLEX Corporation merged with Tollways Management Corporation (TMC), with NLEX as the surviving company.
What was the role of Tollways Management Corporation (TMC) in the merger?
TMC was engaged in the operations and maintenance of tollways and related works. The merger with NLEX Corporation aimed to enhance the management and maintenance of tollways.
How does NLEX Corporation contribute to transportation in the Philippines?
NLEX Corporation plays a vital role in facilitating transportation and connectivity in the Philippines through the operation and maintenance of major expressways such as NLEX and SCTEX.
Are there any plans for government involvement in NLEX Corporation?
Please refer to the relevant sources for information regarding any potential government involvement or plans related to NLEX Corporation.