Conglomerate Ayala Corp.'s corporate strategists surely have their hands very full with ongoing deal talks being announced one after the other. After either a sealed deal or preliminary deal talks with strategic partners in rail, airport, power plant, media and telecommunications, the country's oldest bank confirmed it is also pursuing a majority stake in Philippine National Bank (PNB), a commercial bank acquired by the second richest man in the country from the government in the 1990's. If this bank merger or acquisition will proceed, Ayala-led Bank of the Philippine Islands (BPI), can retain its previous claim to being the country's biggest bank. Sy-led Banco de Oro zoomed past BPI and Ty-led Metrobank about 7 years ago, when the Sy-led bank gobbled up Equitable Bank.
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