Maynilad in talks with banks for planned IPO

West zone concessionaire Maynilad Water Services Inc. is now in discussions with several banks as it prepares for its planned public listing.

Maynilad chairman Manuel V. Pangilinan told reporters on Wednesday that the water distributor is “busy talking to the banks.”

Pangilinan, in September 2023, announced plans to list Maynilad prior to the delisting to Metro Pacific Investments Corp. from the Philippine Stock Exchange.

He said that Maynilad is required to offer its shares to the investing public, through listing via initial public offering (IPO), by 2027 under its legislative franchise.

“So we’ll try to put it [IPO] this year or, at the latest, next year,” Pangilinan said at the sidelines Management Association of the Philippines 2025 Board Inaugural Meeting in Taguig City on Wednesday.

Maynilad is the concessionaire of the Metropolitan Waterworks and Sewerage System for the West Zone of the Greater Manila Area—composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas, Muntinlupa, Valenzuela, Navotas, and Malabon all in Metro Manila; the cities of Cavite, Bacoor, and Imus, and the towns of Kawit, Noveleta, and Rosario, all in Cavite. —NB, GMA Integrated News