NLEX Corporation

NLEX Corporation (formerly Manila North Tollways Corporation) is a subsidiary of Metro Pacific Tollways Corporation (MPTC), a company owned by Metro Pacific Investments Corporation (PSE: MPI). It holds the concession rights to construct, operate and maintain the North Luzon Expressway (NLEX) and Subic–Clark–Tarlac Expressway (SCTEX). The company was acquired by the Metro Pacific group from the Lopez Group of Companies in 2008.[1]

NLEX Corporation
Subsidiary
IndustryTransportation
PredecessorManila North Tollways Corp. (1997-2017)
Founded1997
FounderLopez Group of Companies
Headquarters
Caloocan, Metro Manila
,
Philippines
Area served
Philippines
Key people
Manuel V. Pangilinan (Chairman)
Rodrigo E. Franco (President and CEO)
ServicesTollway operation and maintenance
ParentMetro Pacific Investments Corporation
Websitenlex.com.ph

MNTC–TMC merger

On November 2016, MNTC shareholders approved its merger with Tollways Management Corporation (TMC), with MNTC as the surviving company. TMC was engaged in the operations and maintenance of tollways, its facilities, interchanges and related works. The shareholders also approved the change of the name of MNTC to NLEX Corporation.[2] The SEC approved the name change on February 13, 2017.[3]

Basketball teams

References
  1. "Metro Pacific buys Philippines toll road". Financeasia.com. Retrieved 22 October 2018.
  3. "SEC Form 17-C" (PDF). Pds.com.ph. Retrieved 22 October 2018.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.