Ayala unit concedes in takeover war, takes 19.9% stake in Australia's Infigen

Ayala unit concedes in takeover war, takes 19.9% stake in Australia's Infigen

Photo from AC Energy's website.

UAC Energy Holdings, a company controlled by Philippine conglomerate Ayala Corp, has settled for a 19.9 per cent stake in Australian renewables firm Infigen Energy, conceding the bidding war to rival Iberdrola of Spain.

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