Mitsubishi boosts stake in Ayala Corp for $709.5 million
Japanese trading house Mitsubishi will increase its economic stake in Philippine conglomerate Ayala Corp to 15% through a 44.5 billion Philippine peso ($709.48 million) deal, aiming to deepen its partnership in the Philippines.
48 million) transaction, Ayala said on Monday, as the Japanese trading house looks to deepen its partnership in the Philippines. The report was dated Sept 21. 7220 Philippine pesos)