MANILA, Philippines – Two of the world’s major multilateral institutions may come in as cornerstone investors for the initial public offering (IPO) of Maynilad Water Services Inc. next month, contributing as much as $245 million combined.
In its latest preliminary prospectus, Maynilad revealed that the International Finance Corp. (IFC), the private sector arm of the World Bank, is among the potential cornerstone investors for the upcoming offering.
https://business.inquirer.net/549965/ifc-adb-poised-to-pour-245m-into-maynilad-ipo
