Ayala Corporation posted P37.8 billion as its first half net profit, more than double that of H1 2018’s P16.1 billion. The growth was driven by its banking, telecommunication and real estate units, all of which reported better performance for the first half of 2019, combined with gains from AC Education’s merger with iPeople, and partial…
Ayala Corporation held its very first Integrated Corporate Governance, Risk Management and Sustainability Summit to drive unity among three disciplines. “To institutionalize this perspective, we designed a long-term sustainability blueprint that lays out actionable and measurable targets that address critical environmental, social, and governance gaps that the country faces today,” said Ayala Corp. Chairman and…
The Ayala group once again conducted a group-wide employee engagement survey last May 2019 and the results of which have now been released. Previous iterations of the survey in 2015 and 2017 yielded exceptional results, placing the Ayala group among global organizations with the highest level of employee engagement. Eric Francia, president and CEO of…
Fresh from the success of its maiden green bond issuance early this year, with the Asian Development Bank and the International Finance Corporation as anchor investors, Ayala Group’s rapidly expanding power generation unit, AC Energy, pushes forward to cement the company’s commitment towards renewable energy and sustainability. After issuing the first Climate Bond Initiative-certified US…
24 June 2019 – AC Energy, the energy platform of Ayala, has completed the acquisition of PHINMA Inc.’s and PHINMA Corporation’s (collectively, “PHINMA”) combined 51.48% stake in PHINMA Energy corporation (“PHEN”). AC Energy acquired PHINMA’s stake via a purchase of secondary shares for PhP 3.669 billion, AC Energy has also subscribed to 2.632 billion PHEN…
12 April 2019 – AC Energy, the energy platform of Ayala Corporation, has received approval from the Philippine Competition Commission (PCC) for its acquisition of PHINMA Inc.’s and PHINMA Corporation’s (collectively, “PHINMA”) combined 51.48% stake in PHINMA Energy Corporation (“PHEN”). AC Energy will acquire PHINMA’s stake via a purchase of secondary shares for approximately PhP3.42…
Source: PhilStar 16 February 2019 – MANILA, Philippines — AC Energy and Infrastructure Inc. (ACEIC) and its partner have secured financing from three banks for their mega solar project in Australia, with plans to add battery storage facility. UPCAC Renewables Australia, the joint venture of ACEIC and UPC Renewables, has reached financial close for the…
Source: PhilStar 12 February 2019 – MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, has finalized a deal with the Phinma Group to acquire the latter’s power business for a total of P6 billion. In separate disclosures yesterday, Ayala Corp. and Phinma Corp. said they signed the investment agreement last…
Source: PhilStar 6 February 2019 – MANILA, Philippines — AC Energy Inc., the energy platform of the Ayala conglomerate, has received the backing of two of the world’s largest development institutions, raising a total of $410 million from the issuance of green bonds. International Finance Corp. provided an anchor investment of $75 million to complete…
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