NAIA Consortium Granted Original Proponent Status

The Department of Transportation (DOTr) and the Manila International Airport Authority (MIAA) have granted to the “NAIA Consortium”—composed of Aboitiz Equity Ventures (PSE: AEV) subsidiary Aboitiz InfraCapital Inc., Ayala Corp. (PSE: AC) subsidiary AC Infrastructure Holdings Corp., Alliance Global Group Inc. (PSE: AGI), Asia’s Emerging Dragon Corp., Filinvest Development Corp. (PSE: FDC), JG Summit Holdings […]
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Ayala Acquires NTC

AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), was selected as the winning bidder of the tender process conducted for the sale of shares of National Teachers College (NTC). A Share Purchase Agreement for approximately 96% of NTC’s shares has been executed by the parties. The acquisition remains subject to […]
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Ayala Restructures Energy Business

Ayala Corp.’s (PSE: AC) board of directors approved the restructuring of Ayala’s energy business that will result in the creation of two wholly owned platforms, Renewable Energy and Thermal Energy. The restructuring will be undertaken through the following steps: 1. Creation of a new holding company: AC Renewables Inc. 2. Transfer of renewable assets to […]
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BPI Approves Stock Rights Offer for Up to PhP50 Billion

Bank of the Philippine Islands (PSE: BPI) approved a stock rights offering (SRO) of common shares to eligible shareholders to raise up to PhP50 billion to support its growth and strategic initiatives in the coming years. The bank believes that the Philippine banking sector continues to present significant medium and long-term growth prospects and that […]
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Ayala Proposes Merger of AC Education with iPeople

iPeople Inc. (PSE: IPO), the listed holding company for the education sector of House of Investments Inc. (PSE: HI), a member of the Yuchengco Group of Companies, and AC Education Inc. (AEI), the wholly-owned education arm of Ayala Corp. (PSE: AC), have executed a Non-Binding term sheet for their potential merger. Under the Non-Binding term […]
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AC Industrials Completes Acquisition of 94.9% Stake in MT Misslbeck

Makati—(PHStocks)—AC Industrial Technology Holdings Inc. (AC Industrials), a wholly-owned subsidiary of Ayala Corp. (PSE: AC), completed through AC Industrials (Singapore) Pte Ltd the acquisition of 94.9% of MT Misslbeck Technologies GmbH (MT) in a transaction valued at €26.8 million total enterprise value. This investment forms part of AC Industrials’ strategy to increase its competence and […]
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IMI Manufactures KTM Bikes, Creates Jobs

Laguna, Philippines—(PHStocks)—Motorcycle production for Austrian motorcycle giant KTM AG is now in full swing at Integrated Micro-Electronics Inc. (PSE: IMI), Sta. Rosa, Laguna. IMI’s state-of-the-art manufacturing facility for KTM Asia Motorcycle Manufacturing Inc. (KAMMI) was inaugurated on June 6 in the company’s complex at Laguna Technopark. Related Articles:Ayala Net Income Climbs to ₱26BIMI Acquires Property […]
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AC Industrials Acquires MT Misslbeck Technologies

Makati—(PHStocks)—AC Industrial Technology Holdings Inc., a wholly owned subsidiary of Ayala Corp. (PSE: AC), completed the signing and execution of the Share Purchase and Transfer Agreement through AC Industrials (Singapore) Pte Ltd (AC Industrials Singapore) to acquire 94.9% of MT Misslbeck Technologies GmbH in a transaction valued at €26.8 million total enterprise value. The closing […]
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