ADB, IFC in Talks to Back Maynilad Water IPO as Cornerstone Investors
1. ADB and IFC may invest $600 million in Maynilad. 2. They could acquire nearly 40% of Maynilad's shares. 3. Maynilad plans to list on the Philippine Stock Exchange by November. 4. Previous IPO activity in the Philippines has been low. 5. Successful IPO could be the largest in recent Philippine history.