Cerberus expands in the Philippines, to invest another P15 billion
“New York-based private equity giant Cerberus Capital Management is looking to invest an additional $250 million (P15 billion) in shipyard improvement and key infrastructure projects in the Philippines.”
“Currently, the shipyard hosts major tenants including global shipbuilder HD Hyundai Heavy Industries, subsea fiber optic data cables manufacturer SubCom, publicly listed logistics firm V2X and the Philippine Navy, which operates a portion of the facility.”
“According to Cerberus, HD Hyundai Heavy Industries will commence shipbuilding operations in the fourth quarter of this year from the original schedule of January 2026.”
“Special Assistant to the President for Investment and Economic Affairs Frederick Go said Cerberus’ projects in the pipeline would generate thousands of jobs, open new avenues for regional growth and secure the country’s position as a key logistics hub in Southeast Asia.”
https://business.inquirer.net/537550/cerberus-expands-in-ph-to-invest-another-p15b
See also: South Korea’s Hyundai Heavy Industries to invest in the Philippines Subic Shipyard