The company will pour in $70 million or P3.8 billion to raise its stake to a maximum of 20 percent from the existing 17.1 percent for roughly $70 million or P3.8 billion. This will bring GT Capital's stake equal to the 20 percent stake to be acquired by incoming investor Japanese giant Mitsui & Co. Ltd, together with its partner, another Japanese partner JOIN, as they make a bigger bet on the Philippine infrastructure business. MPIC's other main shareholder, Hong Kong-based First Pacific Company Limited, a management investment group led by Pangilinan, GT Capital and Mitsui will launch a P49-billion tender offer to buy out 10.5 billion shares held by the public at P4.63 per share to take MPIC private. The price, although deemed low by stock market investors, is at a 22 percent premium over its average stock price for the past year and has been determined by a third party valuation provider.