Ayala Buys Back More of Its Shares from Mitsubishi

Ayala Corporation has bought back P3.19 billion worth of its shares from its second largest shareholder Mitsubishi Corporation.’

In a disclosure to the Philippine Stock Exchange, Ayala said it bought back 3.81 million of its shares from Mitsubishi for P838 per share.

After the purchase, Ayala’s public float decreased to 52.07 percent from 52.38 percent while foreign ownership declined to 27.59 percent from 27.9 percent.

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