Manila, Philippines – The UK Government’s MOBILIST programme has invested $10 million (PHP 586 million) in the initial public offering (IPO) of Maynilad Water Services on the Philippine Stock Exchange (PSE). MOBILIST was a cornerstone investor in the IPO, which is one of the biggest in the PSE’s history.

Maynilad serves over 9 million people in the West Zone of Metro Manila, providing sustainable water and wastewater services. The capital from the IPO will be used to upgrade and expand the city’s water infrastructure, including smart sensor networks that will help identify the precise locations of maintenance needs for more effective water supply management.

MOBILIST joins other key investors, including the International Finance Corporation (IFC), the Asian Development Bank (ADB), and in

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