Mitsubishi Corp to lift Ayala stake to 15% economic, 20% voting in ¥120B deal; ₱20B to Ayala, tender offer at ₱650

Mitsubishi Corp agreed to invest about ¥120B (roughly ₱44.5B) in Ayala Corp, raising its economic stake from 4.7% to 15% and its voting stake to 20%, making the Philippine conglomerate an equity-method affiliate. Ayala gets around ₱20B of the proceeds for debt and buybacks, while the balance funds a tender offer for up to 30M shares at ₱650 each.

Detected & updated continuously · Source: Nebula