[Vantage Point] The price of control: Behind Metro Pacific’s P12.4-B Meralco bet
![[Vantage Point] The price of control: Behind Metro Pacific’s P12.4-B Meralco bet](https://www.rappler.com/tachyon/2026/03/The-Lopezes-presidents-and-the-cost-of-dissent.jpg)
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When corporate titans trade billions of pesos for a fractional slice of a utility company, the everyday consumer might understandably assume it is just another distant boardroom drama.
After all, the recent P12.44-billion acquisition by Metro Pacific Investments Corp. (MPIC) of a mere 1.9% additional stake in Manila Electric Co. (Meralco) does not instantly trigger a line-item increase on your monthly electricity bill.
But looking deeper at the mechanics and motivations behind this mammoth
After all, the recent P12.44-billion acquisition by Metro Pacific Investments Corp. (MPIC) of a mere 1.9% additional stake in Manila Electric Co. (Meralco) does not instantly trigger a line-item increase on your monthly electricity bill.
But looking deeper at the mechanics and motivations behind this mammoth
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