Philippine conglomerate Ayala to complete $1b asset sale this year

Philippine conglomerate Ayala to complete $1b asset sale this year

Makati City, Metro Manila, Philippines. Photo by Alexes Gerard on Unsplash

Philippine conglomerate Ayala Corp is looking to sell about $400 million worth of assets this year, the final step in a multi-year plan to raise $1 billion to fund investments in high-growth businesses, its chief executive said on Monday.

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