The Zobel family’s Ayala Corp. (AC) has closed the sale of a 6.5-percent stake in GCash owner Globe Fintech Innovations Inc. (Mynt) to long-time partner Mitsubishi Corp. for ₱18.4 billion after the deal was cleared by the anti-trust watchdog Philippine Competition Commission (PCC). In a...
The Philippine Competition Commission (PCC) has cleared the proposed joint venture between Ayala Corp. and Mitsubishi Corp., stemming from the latter’s acquisition of a 50 percent stake in Ayala-led AC Ventures Holding Corp. In a statement on Thursday, July 31, the country’s antitrust body...
Ayala Healthcare Holdings Inc. (AC Health) has added the FEU-NRMF Medical Center into its Healthway Medical Network (HMN) and commits to enhance operational efficiencies and introducing patient-centric innovations in the 5th District of Quezon City. “The Healthway FEU-NRMF Medical Center...
The Ayala Group reported that the parent company and four of its main subsidiaries have once again made it to the prestigious FTSE4Good Index Series due to their sound environmental, social and governance (ESG) practices. In a statement, the conglomerate said inclusion in the index strengthens the...
Ayala Corp., the country’s oldest conglomerate, has successfully raised ₱20 billion from the issuance of preferred class “B” shares, which it listed on the Philippine Stock Exchange (PSE) on Thursday, June 19. The Zobel-led firm said in a statement that the offering attracted substantial...
A total of 40 Filipino companies were included in the second annual Fortune Southeast Asia 500 list, which ranked the region’s top corporations based on their 2024 revenues. Topping the list of Philippine firms are the largest conglomerates, banks, and utilities, with San Miguel Corporation...
The Sy family’s flagship SM Investments Corporation and its banking arm, BDO Unibank, led the seven Philippine companies that made it to Forbes Magazine’s 23rd Global 2000, which ranks the largest public companies in the world. SMIC was ranked at No. 811 among the world’s top public...
Ayala Corporation reported that Globe Fintech Innovations Inc. (Mynt, the owner of GCash) is undergoing a stock split that will result in a lower par value per share and increase its market appeal when it launches its initial public offering. In a disclosure to the Philippine Stock Exchange, Ayala...
Zobel-led Ayala Corporation has set the initial dividend rate for the ₱20 billion Class B preferred shares it is re-issuing at 6.2903 percent per annum. In a disclosure to the Philippine Stock Exchange, the conglomerate said it is conducting a Follow-on Public Offering by way of re-issuance from...
The Securities and Exchange Commission (SEC) has approved the planned ₱20 billion offering of re-issued preferred shares by Zobel-led Ayala Corporation. In its meeting on May 27, the Commission En Banc resolved to render effective the registration statement of Ayala covering the re-issuance of...
Zobel-led Ayala Corporation’s smaller and newer businesses have turned around or are reducing losses amid measures being taken to ensure their profitability in about two years. “Our smaller, newer companies are turning the corner. We are constructive on the year,” Ayala President and CEO...
Ayala Corporation has warned against fraudulent social media posts that utilize deepfake technology to falsely portray its Chairman, Jaime Augusto Zobel de Ayala, endorsing investment opportunities. The conglomerate clarified that it has no association whatsoever with the individuals or entities...
