Philippines’ Ayala Corp. To Raise $1 Billion From Non-Core Asset Sale
- Monday, March 21, 2022, 7:17
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Ayala Corp.—controlled by billionaire Jaime Zobel de Ayala—aims to raise 52.5 billion pesos ($1 billion) by divesting some of its non-core asset divestments, beginning with a toll road south of Manila that it’s selling to the country’s second-richest person, Manuel Villar.
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