There will be no hostile takeover under his watch.
As the two giant water concessionaires are in the
spotlight under the Duterte administration, rumors has spread that former House
Speaker Manny Villar is mounting to take over the water distribution in Metro
Manila by targeting the Manuel V. Pangilinan (MVP) controlled Maynilad.
To quell said rumors MVP assured Maynilad executives
that he will not let a hostile takeover happen under his watch.
 |
| Manuel V. Pangilinan of Maynilad (photo credit to owner) |
"We will not sell our company; we will not
stand down," Pangilinan declared during the Christmas party of Maynilad's
top executives last December 16.
MVP was joined by his vice chair
Isidro Consunji, Maynilad chief executive officer Ramoncito Fernandez, and
chief operating officer Randolph Estrellado.
Other officials from the Metro
Pacific Investments Corporation, DM Consunji Incorporated, as well as Japanese
investors were also present during the party.
It was during Pangilinan’s short
speech with the board of directors cleared their stand as a company, as their
leader MVP will not back down.
"When they go low, we go
high... It's best that we just focus on our customers and deliver them the best
service that we have been doing for the past 12 to 13 years," the
billionaire said.
"This is a product of your sweat, blood, and
tears. Nobody should and will take it away. It belongs to us, the board, the
Filipino people," Pangilinan added.
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Report from Rappler
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