Mitsubishi Corporation has finalized plans to raise its ownership interest in Ayala Corporation, one of the Philippines’ largest conglomerates, to 15% in a transaction worth ₱44.5 billion (approximately ¥70 billion). Its voting interest is expected to rise to 20% after completion of the transaction, strengthening collaboration in lifestyle infrastructure through businesses including Mynt, the operator of GCash, and Lawson Philippines.
Mitsubishi Corporation has formally finalized plans to raise its ownership interest in Ayala Corporation, one of the Philippines’ largest conglomerates, from the current 4.7% to 15%. The transaction is worth approximately ₱44.5 billion, or approximately ¥70 billion, and Ayala plans to obtain approximately ₱20 billion in new funding for debt reduction, share buybacks and future investment. Mitsubishi Corporation’s voting interest is expected to rise to 20% after the transaction.
The partnership extends a relationship of cooperation spanning half a century, and Ayala’s chairman describes it as a relationship that shares not only a capital injection but also a long-term perspective and sound governance. In consumer-facing businesses, Mitsubishi Corporation has already established a structure for participating in GCash’s growth strategy through a joint venture in which it holds a 50% stake in AC Ventures Holding, and the companies are expected to jointly develop new services using GCash’s customer base.