CapAsia JV sells stake in Thai toll road operator
CapAsia and Bank of Tokyo-Mitsubishi UFJ have sold their minority stake in Thailand’s Don Muang Tollway (DMT) for $132 million to a newly announced joint venture between Hong Kong-based First Pacific and Philippines infrastructure developer Metro Pacific Investments Corporation (MPIC).
According to a regulatory filing, the joint venture - known as FPM Infrastructure Holdings - will acquire a 29.45% holding in DMT from CapAsia's South East Asian Strategic Asset Fund (SEASAF) and Bank...
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