Mitsubishi to boost stake in Philippines’ Ayala in $709.5 million deal
The signboard of Mitsubishi Corp is pictured at its head office in Tokyo, Japan August 2, 2017. REUTERS/Kim Kyung-Hoon/File Photo
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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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