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...
Conglomerate Ayala Corp. said Friday it will sell its remaining 23.6-percent stake in Manila Water Co Inc. (MWC) to Trident Water Company Holdings Inc....
San Miguel Corp. (SMC) said Thursday it posted a 13-percent increase in consolidated revenues to P392.7 billion in the first quarter of 2024.
It attributed...
