Channel News Asia·Singapore·Monday, September 21, 2026 at 09:07 AM

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

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CNA

21 Sep 2026 05:07PM (Updated: 21 Sep 2026 05:11PM)

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)

Source: Reuters

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