A unit of Ayala Corp. has sold its ownership stake in Luzon Wind Energy Holdings B.V. (Luzon Wind) to a unit of Mitsubishi Corp.
In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Ayala Corp. said its wholly owned subsidiary Ayala International Holdings Ltd. sold its 28 percent interest in Luzon Wind Energy to DGA NLREC B.V., a wholly owned subsidiary of Mitsubishi Corp.
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