Conglomerate Ayala Corp. said Friday it is selling its remaining 23.6-percent stake in Manila Water Co. Inc. (MWC) to Trident Water Company Holdings Inc., a subsidiary of Prime Infrastructure Capital Inc., for P14.5 billion.
Ayala and its subsidiaries Michigan Holdings, Inc. and Philwater Holdings Company Inc. signed an agreement with Trident to sell 577.997 million MWC common shares and 872.487 million MWC preferred shares.
“The transactions are aligned with AC’s strategy...
US equity firm Cerberus Management Capital and Agila Naval Inc. assumed the operations of Hanjin Heavy Industries and Construction Philippines’ facility and equipment in...
Shareholders of Solar Philippines Nueva Ecija Corp. on Monday approved the increase in the company’s authorized capital stock by 400 percent to 50 billion...
