Philippines: Metro Pacific Hospitals abandons IPO plans

Augusto Palisoc, president, Metro Pacific Hospitals

Metro Pacific Hospitals, the healthcare unit of industrial conglomerate Metro Pacific Investments, has abandoned plans to IPO on the Philippine Stock Exchange. A deal had been expected since January 2016 but was repeatedly delayed due to weak market conditions. In a statement it said that it was “no longer inclined to do an initial public…

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