Manny Pangilinan to Manny Villar : Maynilad is not for Sale!

Manny Pangilinan to Manny Villar : Maynilad is not for Sale!

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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