AC Industrial Holdings, Inc., a wholly-owned subsidiary of conglomerate Ayala Corp., said on Thursday it has completed the acquisition of a 94.9 percent stake in MT Misslback Technologies GmbH for 26.8 million euros ($30.37 million, P1.54 billion).
The acquisition involves a total of 237,250 shares and with a transaction value that is less than 10 percent of Ayala Corp.’s stockholders’ equity, the company said.
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