Mitsubishi Corporation announced an additional investment in Ayala Corporation of the Philippines. The investment is expected to raise its stake to 20% on a voting-rights basis, with the total investment amounting to PHP44.5 billion and the transaction expected to be completed during the fiscal year ending March 2026.
Ayala Corporation, a Philippine conglomerate, announced that Mitsubishi Corporation will make an additional investment of PHP44.5 billion. Mitsubishi Corporation’s ownership stake is expected to increase from the current 4.7% to 15%, and to 20% on a voting-rights basis, further strengthening its business base in the Philippines.
The acquisition price is PHP650 per share, representing a premium of approximately 22% to the most recent closing price.
Mitsubishi Corporation said it plans to deepen cooperation in consumer-facing businesses and pursue opportunities in Ayala’s core real estate and energy businesses, with the transaction targeted for completion during the fiscal year ending March 2026.
Ayala invested in Mynt through its telecommunications subsidiary, and Mynt’s application to list the company that operates the GCash smartphone payment app has been approved. The fundraising could amount to as much as $1.47 billion.