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Maynilad Water Services, Inc. (Maynilad) is the water and wastewater services provider for the 17 cities and municipalities that comprise the West Zone of the greater Metro Manila area.

In 1997, the company was granted a 25-year exclusive concession by the Philippine Government, through the Metropolitan Waterworks and Sewerage System (MWSS), to operate, maintain and invest in the water and sewerage system in Caloocan, Las Piñas, Malabon, Manila, Muntinlupa, Navotas, Pasay, Parañaque, Valenzuela,parts of Quezon City, a part of Makati; the cities of Bacoor, Cavite and Imus, and the municipalities of Kawit, Noveleta and Rosario all in the Cavite Province.

Maynilad went through a change of ownership on January 24, 2007, with the consortium of DMCI Holdings, Inc. (DMCI) and Metro Pacific Investments Corporation (MPIC) winning 84% of the water company’s shares in a public bidding.

On February 2013, MPIC and DMCIHI concluded discussions with Marubeni Corp. of Japan (“Marubeni”) for Marubeni to acquire a twenty percent economic interest in Maynilad Water Services, Inc. (“Maynilad”).

Marubeni, through an affiliate, acquired a shareholding of 21.54 percent in DMWCI, the joint venture holding company which will hold 92.85 percent of the shares in Maynilad.

MPIC has reduced its economic interest in Maynilad by 4 percent and DMCI by 16 percent as a result of this transaction. Following the closing of the transaction, the economic interests in Maynilad will be held by MPIC - 52.8 percent, DMCI - 25.24 percent, Marubeni - 20 percent and Others – 1.96 percent.

 

Website:  www.mayniladwater.com.ph