Indonesia

Ayala group on deals binge

Rappler.com

This is AI generated summarization, which may have errors. For context, always refer to the full article.


From convenience store chain to a power plant and telecommunications, the deals Ayala Corp and its units have been announcing are coming one after the other. The country’s oldest conglomerate is constantly in the news–a behavior other aggressive diversified conglomerates, like San Miguel and Metro Pacific Investments, have been known for in the past 4 years Ayala stayed silent in the background. Ayala, whose core businesses are real estate, retail, banking, water services and telecommunications, has been expanding into power and infrastructure sectors. It has recently inked a partnership deal with Metro Pacific for rail projects in Metro Manila, and with the Aboitiz group for the upcoming Cebu airport project. To boost its telecommunications and media assets, it is also pursuing a strategic deal with Lopez-led firms.


Read more about Globe Telecom’s BayanTel strategy on Rappler.
Read more about convenience store deal on Rappler.

 

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