The Government of the Philippines is planning to sell its 3.46 per cent share in NLEX Corporation, a subsidiary of Metro Pacific Tollways Corporation, to gather funds for a proposed sovereign wealth fund. A rebidding process for the PHP2 million contract to provide valuation of the 649,198 shares is also underway. Consultants have until February 22, 2023 to submit their expressions of interest.
The bids will be evaluated using the Quality-Cost Based Evaluation procedure.
This is one of the many government-owned shares that will be disposed off in the upcoming months to bankroll the Maharlika Investment Fund.