Zobel-led Ayala Corporation, the country’s oldest conglomerate, is seeking to expand its consumer retail business after the initial success of its investment in Australian home and lifestyle brand Anko. “We entered the retail space by partnering with Kmart of Australia in setting up the...
Ayala Corporation Chairman Jaime Augusto Zobel de Ayala Zobel-led Ayala Corporation, the country’s oldest conglomerate and among the most prestigious, is aiming to surpass its performance in 2024, its strongest year ever, by bringing its smaller and newer businesses to profitability in about two...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash. Under the...
The Zobel family’s Ayala Corporation and subsidiary AC Ventures Holdings Corporation (ACV) has signed the Investment Agreement for Mitsubishi Corporation’s acquisition of a 6.5 percent stake in GCash owner Globe Fintech Innovations, Inc. (Mynt) for ₱18.4 billion. In a disclosure to the...
From left, Sumitomo Mitsui Banking Corporation (SMBC) Manila Branch Executive Director and Head of Corporate Banking Ruben Victa, Ayala Corporation Treasurer Estelito C. Biacora, SMBC Country Head and Managing Director Yasushi Iwata, Ayala Corporation Chief Finance Officer Alberto M. de Larrazabal,...
From left, Ayala Managing Director Mark Robert H. Uy, Managing Director Mariana Beatriz E. Zobel de Ayala, Executive Director Jaime Alfonso E. Zobel de Ayala, and Executive Director Jaime Z. Urquijo The next generation of Zobels is stepping up the Ayala Group’s corporate ladder to take on bigger...
Ayala Corp. reported that its core net income, which excludes one-off items, improved 10 percent to another all-time high of ₱45 billion last year from the ₱41 billion earned in 2023 on the strength of its core businesses. In a disclosure to the Philippine Stock Exchange, the firm said that,...
Zobel-led Ayala Corp., the country’s oldest conglomerate, is raising up to ₱31.5 billion through the issuance of preferred shares and Samurai loans from two Japanese banks to fund the expansion of its diversified businesses. In a disclosure to the Philippine Stock Exchange, the firm said...
Zobel-led Ayala Corporation’s access to yen-denominated loans to fund growth initiatives at competitive rates has been enhanced after being assigned an inaugural foreign currency long-term issuer rating of “A-” by Japan Credit Rating Agency Ltd. (JCR). According to the report released by JCR,...
Danish infrastructure fund A.P. Moller Capital is acquiring up to 40 percent of Ayala Corporation subsidiary AC Logistics Holdings Corporation for a yet undetermined amount. In a disclosure to the Philippine Stock Exchange, Ayala said the investment of A.P. Moller, through EMIF II Holding III B.V.,...
Jaime Zobel Urquijo (left) and Jaime Alfonso Zobel de Ayala (right), the two young faces of Ayala Group's future. Amid unprecedented volatility and change, the country's oldest conglomerate, with two young Jaimes, has vowed to double down on its consumer commitment, integrating its diverse...
Ayala Corporation, the country’s oldest conglomerate, is no longer selling manufacturing subsidiary Integrated Micro-electronics Inc. as the unit has managed to turnaround after measures were taken to cut losses. In an interview, Ayala Chief Finance Officer Alberto M. de Larrazabal said that they...
