Mitsubishi to boost stake in Philippines' Ayala in $709.5 million deal

Mitsubishi to raise Ayala stake to 15% in P44.5-B deal

MITSUBISHI Corp. will increase its economic stake in Ayala Corp. to 15% from 4.7% under a P44.5-billion transaction…

Mitsubishi to raise Ayala stake to 15% in P44.5-billion deal

Ayala expects to receive around P20 billion in fresh capital from the transaction, which it will use to reduce debt and continue its buying spree of what it deems as undervalued shares of Ayala and its listed subsidiaries

Mitsubishi to boost stake in Philippines' Ayala in $709.5 million deal

Sept 21 : Mitsubishi will raise its economic stake in Philippine conglomerate Ayala Corp to 15 per cent in a 44.5 billion Philippine peso ($709.48 million) deal to deepen the Japanese trading house’s partnership in the Philippines, the latter said on Monday.($1 = 62.7220 Philippine pesos)

Mitsubishi’s $700-M Ayala deal boosts PH’s Japan investment push

Japanese trading giant Mitsubishi Corp.’s P44.5-billion deal with Ayala Corp. gives fresh momentum to the Philippines’ campaign to attract more capital from Japan.