Conglomerate Ayala Corp. has completed one of its major divestment plans for the year, selling its remaining stake in its East Zone water business to ports and power tycoon Enrique Razon for P14.5 billion.
The divestment of Ayala’s interest in Manila Water Co. Inc. is part of the conglomerate‘s rationalization strategy to slash its debt and prepare for future investments.
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Esta historia es de la edición May 18, 2024 de The Philippine Star.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
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MAVS AIN’T GIVING
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Singapore taps Cebu Pacific for travel promo
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Hubert Young: Keeping the age-old coffee culture perfectly brewed
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Digitized border protection implemented in 2 years DOF
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Trump marks 78th birthday with towering 'MAGA' cake
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NBI starts own probe of LTO exec's murder
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DOH warns public of top 3 rainy season illnesses
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‘We should also arrest Chinese trespassers in EEZ’
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