Mitsubishi to boost stake in Philippines' Ayala in $709.5 million deal
21/09/2026 10:05
Mitsubishi to boost stake in Philippines' Ayala in $709.5 million deal Sept 21 (Reuters) - Mitsubishi 8058.T will raise its economic stake in Philippine conglomerate Ayala Corp AC.PS to 15% 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)
(Reporting by Anjali Singh in Bengaluru; Editing by Harikrishnan Nair)
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