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On March 18, 1989, MERALCO unveiled its new and current corporate logo. [ 16 ] In 1990, MERALCO acquired the electric facilities and other assets of the Communications and Electric Development Authority, one of two companies that distributed power in Cavite Province for much of the 1970s and 80s.
Meralco was so large that many Filipino businessmen believed that its acquisition by a Filipino was nearly impossible. By 1960, Meralco was worth $66 million and served more than 360,000 customers. In 1961, Fortune Magazine cited that the company's operations and equipment were comparable to the best US power firms. [citation needed]
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Manila Electric Company (Meralco) - acquired by the Lopez Group 1962 and developed into a power-distributing company. Between 2009 and 2012, the Lopez Group would reduce its 33.4% holdings in MERALCO by selling most of its shares to the First Pacific Group. [5] [6] [7] Since 2012, the Lopez Group's maintains a 3.95% interest (one board seat) in ...
MFI Foundation Inc. (formerly Meralco Foundation, Inc.) is a non-stock, non-profit science foundation based in Pasig, Metro Manila, Philippines. The MFI Farm Business Institute at Jalajala is located at the MFI Technological Institute at Ortigas Campus, the MFI Technological Institute at Pasay Taft Campus, and the MFI Technological Institute at Ortigas Campus of MFI.