Mitsubishi deal boosts Ayala FDI haul close to P100 billion
Mitsubishi Corp.’s P44.5-billion investment in Ayala Corp. has brought the recent wave of foreign direct investments (FDI) secured by the group to nearly P100 billion, underscoring the conglomerate’s ability to attract global capital.
Mitsubishi Corp.'s P44.5 billion investment in Ayala Corp. has contributed to the latest surge of foreign direct investments (FDI) secured by the conglomerate, bringing the total to nearly P100 billion. Over the past three years, Ayala has attracted P96.5 billion in foreign capital infusion, including Mitsubishi's latest investment announced last week.
The transaction marks the largest FDI by a foreign entity in the Philippines so far in 2024. Mitsubishi will now hold a 15% stake in Ayala, up from 4.7%, and a 20% voting stake. This significant investment is viewed as a testament to Ayala's appeal as a partner for foreign groups seeking to establish a presence in the Philippines.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
