Ayala buys back more of its shares from Mitsubishi 0 SHARES Share it! Share TweetBy James A. LoyolaAyala Corporation has bought back P3.19 billion worth of its shares from its second largest shareholder Mitsubishi Corporation.’In a disclosure to the Philippine Stock Exchange, Ayala said it bought back 3.81 million of its shares from Mitsubishi for P838 per share. He added that, “we value our relationship with Mitsubishi which remains as our second largest shareholder. Then, in January of this year, Mitsubishi unloaded another 13 million shares at P900 apiece. This most recent sale of 3.8i million shares will leave Mitsubishi with around 37.78 million Ayala shares, making it still the second largest shareholder of the company.

Source: Manila Bulletin May 22, 2019 14:03 UTC