The Ty family's holding firm GT Capital Holdings Inc. has acquired a 40 percent stake in Toyota Financial Services Philippines Corp. (TFSPC) to expand its automotive portfolio.

GT Capital said it bought Metropolitan Bank and Trust Company's (Metrobank) 15 percent interest and Philippine Savings Bank's (PSBank) 25 percent stake in TFSPC for a total of P2.1 billion. The transaction was sealed on Monday via a sale and purchase agreement signed by the board of directors of GT Capital, Metrobank and PSBank.

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