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× Gov’t selling 20% stake in Tollways Management Corp.

MANILA, Philippines -- The government is selling its minority stake in the Manny V. Pangilinan-led Tollways Management Corp. (TMC) for at least P2.578 billion.

In an invitation to bid published Monday, the Department of Finance-attached Privatization and Management Office (PMO) invited prospective bidders for the government-owned 76,000 common shares in TMC.

In a text message, Deputy Privatization…