The privatization plan for infrastructure giant Metro Pacific Investments Corp. suffered a setback as the consortium of buyers seek a new third-party valuation provider to allay conflict-of-interest concerns amid protests from minority stockholders and fund managers that the P4.63 per share offer price was too 'low.' Metro Pacific chair and CEO Manuel Pangilinan, who is among the group of bidders that include major shareholders and Japan's Mitsui, told reporters on Tuesday they were close to selecting a new independent adviser, whose opinion will provide the basis for the final offer price.

https://business.inquirer.net/404171/back-to-square-one-for-mpic-as-new-appraiser-sought

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