In a disclosure to the Philippine Stock Exchange, Ayala said it has accepted the binding offer from Mitsubishi to acquire a 50 percent ownership in AC Ventures Holdings Corp.
ACV holds a 13-percent stake in Globe Fintech Innovations Inc. (Mynt), the parent of GCash, which to date has a customer base of around 94 million.
Mitsubishi will take over half of ACV's share in Mynt.
This story is from the October 19, 2024 edition of The Philippine Star.
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This story is from the October 19, 2024 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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