Marubeni Acquires 20 Percent of Maynilad for $400 Million

MANILAPHILIPPINES — Japan’s Marubeni Corp has finally closed a deal to buy a fifth of Manila concessionaire Maynilad Water Services Inc., for $400 million USD, according to disclosures submitted to the Philippine Stock Exchange last week.

The transaction price implies a valuation of $2 billion USD for Maynilad, the Philippines’ biggest private water company that serves over 9 million customers in the western half of the capital region and surrounding localities.