Mitsubishi to raise stake in Ayala Corp to 15%
Mitsubishi (TSE:8058) will increase its economic stake in Ayala Corp (PSE:AC) to 15% via a 44.5 billion Philippine peso ($709.48 million) deal, Ayala said.
48 million) transaction, Ayala said on Monday, as the Japanese trading house deepens its partnership in the Philippines. 7220 Philippine pesos.