Ayala Corp. (AC) announced the implementation of the agreement with Mitsubishi Corp. (MC) to acquire 50 percent stake, equivalent to P18.4 billion investment, in its wholly-owned subsidiary AC Ventures Holding Corp. (ACV).
In a disclosure to the Philippine Stock Exchange, the country’s oldest enterprise said that AC, ACV, and MC signed the Investment Agreement on March 31, 2025 for MC’s subscription to 18,033,946 common and redeemable preferred shares of ACV for a subscription price of at least PhP18.4 billion.
With the investment deal’s implementation, ACV becomes a 50:50 joint venture between AC and MC. Through ACV, AC and MC plan to pursue other investment opportunities.
ACV is engaged in investments in various sectors, including fintech, with a significant stake in Globe Fintech Innovations Inc. (Mynt), the parent company of GCash.
Currently, ACV holds around 13% stake in Globe Fintech Innovations, Inc. (Mynt), the parent company of GCash.
