MANILA, Philippines – Two of the world’s major multilateral institutions may become cornerstone investors for the initial public offering (IPO) of Maynilad Water Services Inc. next month, contributing a combined amount of up to $245 million.

In its latest preliminary prospectus, Maynilad revealed that the International Finance Corp. (IFC), the private sector arm of the World Bank, is among the potential cornerstone investors for the offering.
https://business.inquirer.net/549965/ifc-adb-poised-to-pour-245m-into-maynilad-ipo