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.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details