Ayala Corp. Launches P20 Billion Tender Offer for Mitsubishi Deal
Business

Ayala Corp. Launches P20 Billion Tender Offer for Mitsubishi Deal

Ayala Corp., the Philippines' oldest conglomerate, announced a tender offer to acquire nearly P20 billion worth of its shares, paving the way for a significant investment increase from Mitsubishi Corp. This move will substantially raise Mitsubishi's stake in Ayala.

Read up to 3 eligible full articles per Japan day (JST) for free

Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.

  • CoA flags P5.7-B project gap in PNP books

    The Commission on Audit (CoA) has flagged P5.74 billion worth of completed infrastructure projects that were not recorded in the Philippine National Police’s (PNP) books for 2025. The audit also revealed issues with unrecovered contractor advances and untitled land parcels.

  • Manila Water Ventures Bolsters North Luzon Water Supply Amid El Niño Fears

    Manila Water Philippine Ventures (MWPV), a subsidiary of Manila Water, is strengthening water supply resilience in Pangasinan and Isabela, provinces identified as vulnerable to dry conditions due to El Niño. The company is implementing investments and operational measures through its local units to ensure stable supply.

  • Ayala Corp. to Launch P19.5-B Share Buyback Amid Mitsubishi Deal

    Ayala Corp., a leading Philippine conglomerate, announced plans for a P19.5-billion share repurchase from public investors, signaling progress in its partnership with Japan's Mitsubishi Corp. The move is seen as a strategy to enhance corporate value and return capital to shareholders.

  • Philippine Financial System Resources Hit Record P38.6 Trillion

    The Philippine financial system's total resources reached a record P38.56 trillion in August, driven by the expansion of the banking sector, with digital banks showing notable growth. This indicates the stability and growth of the domestic economy.