Maharlika to invest in ATI; Tanco-led port operator to delist

MANILA, Philippines — Sovereign wealth fund Maharlika Investment Corp. (MIC) plans to acquire around 11.2 percent of Tanco group-led Asian Terminals Inc. as part of its mandate to “invest in strategic sectors of the Philippine economy.” ATI disclosed to the Philippine Stock Exchange on Tuesday that MIC had expressed intention to conduct a tender offer for