Brief: Ayala Corp To Buy 20% Stake In Yoma Strategic Holdings, First Myanmar Investment Public Each

Yoma Strategic Holdings

03/12/2019 01:27

Dec 3 (Reuters) - Ayala Corp  AC.PS :
    * AYALA CORP - TO ACQUIRE A 20% STAKE IN YOMA STRATEGIC
HOLDINGS
INC, AND ANOTHER 20% STAKE IN FIRST MYANMAR INVESTMENT PUBLIC
CO. LTD
    * AYALA CORP - TOTAL CONSIDERATION FOR THE INVESTMENT IS
US$237.5
MILLION
    * AYALA CORP - INVESTMENT IN YOMA STRATEGIC HOLDINGS TOTALS
US$155
MILLION
    * AYALA CORP - THE INVESTMENT IN FIRST MYANMAR INVESTMENT
PUBLIC
WILL BE VIA A US$82.5 MILLION CONVERTIBLE LOAN

Source text https://reut.rs/2LgyywC
Further company coverage:  AC.PS 

 ((Reuters.Briefs@thomsonreuters.com;))