Mitsubishi plans to raise stake in Philippine group Ayala to 20%
Nikkei Asia describes the planned increase as strengthening the Japanese trading house’s ties with Ayala as it eyes a growing market.
TLDR
Japan’s Mitsubishi plans to increase its stake in Philippine conglomerate Ayala to 20%, Nikkei Asia reports. The outlet describes the move as bolstering ties between the two companies, with Mitsubishi eyeing a growing market.
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