Mitsubishi raises stake in Ayala Corp to 15% for $709.48 million
Mitsubishi Corp will increase its economic stake in Ayala Corp to 15 percent in a deal valued at about 44.5 billion Philippine pesos ($709.48 million). The investment amounts to roughly 120 billion yen, expanding their existing partnership, including prior involvement in GCash. The move signals strengthening ties between Mitsubishi and Ayala amid growth expectations for the Philippines.
economy2 h ago