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Maharlika Investment Corporation finalized its acquisition of a minority stake in Asian Terminals, Inc. on March 17, 2026
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The accepted shares tendered in the transaction were crossed through the facilities of the Philippine Stock Exchange on March 13
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“This investment fulfills our mandate to capture value from assets with high barriers to entry and a direct correlation to our nation’s GDP growth,” said MIC president and CEO Rafael Consing Jr.
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The share purchase gives MIC a seat in the ATI board
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ATI has filed for delisting from the PSE, with proposed effectivity on April 3
Maharlika Investment Corporation (MIC) has finalized its acquisition of a minority stake in Asian Terminals, Inc. (ATI) with the settlement of shares completed on March 17, 2026.
“When we first announced this intent in December, I described the port sector as the ‘circulatory system of the Philippine economy.’ Today, we have successfully secured our place within that system,” MIC president and CEO Rafael Consing Jr. said in a press release.
“This investment fulfills our mandate to capture value from assets with high barriers to entry and a direct correlation to our nation’s GDP (gross domestic product) growth,” he added.
MIC manages the Maharlika Investment Fund, the Philippines’ first sovereign wealth fund established in July 2023.
READ: Maharlika Fund buying 11.2% stake in Asian Terminals
The purchase of an 11.2% stake in ATI also gives MIC a seat in the ATI board.
“With our successful entry and election to the ATI Board, we now have the seat at the table necessary to ensure this asset continues to redound to the public benefit,” Consing said.
The accepted shares tendered in the transaction were crossed through the facilities of the Philippine Stock Exchange (PSE) on March 13, 2026.
ATI has filed for delisting from the PSE, with proposed effectivity on April 3 this year.
The shares acquired by MIC include those purchased from Seawood Resources, Inc., Kayak Holdings, Inc. and Asiasec Equities Inc., together with shares tendered by ATI shareholders during the tender offer.
The Tender Offer resulted in the acquisition of 177,612,478 ATI common shares, with 101,189,675 shares allocated to MIC and 76,422,803 allocated to ATI as part of its share buyback program.
MIC said investing in ATI means establishing a strategic position in one of the Philippines’ most important trade and logistics gateways.
ATI is the Philippines’ second biggest port operator, handling facilities across the country, including the Manila South Harbor, Port of Batangas, and off-dock yards.
