Listed property developer Ayala Land Inc. has taken a controlling stake in the operator of TriNoma mall with the partial purchase of the share held by Anglo Philippine Holdings, the company has disclosed.
With the P738 million transaction, ALI will expand its ownership in TriNoma’s operator, North Triangle Depot Commercial Corp. (NTDCC),to a controlling stake of 58.53 percent from the previous 49.29 percent.
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