“The transaction builds on the momentum generated by President Ferdinand R. Marcos Jr.’s visit to Tokyo,” Ayala said in a statement on Monday.
Marcos visited Japan from May 26 to 29, meeting business leaders in Tokyo and securing about $3.4 billion in investment pledges from Japanese companies.
Meanwhile, the agreement with Ayala will raise Mitsubishi’s economic ownership in Ayala from 4.7 percent to 15 percent and its voting interest to 20 percent.
“Ayala and Mitsubishi hope the strategic relationship will continue to serve as a platform for increased cross-border investment, knowledge sharing, and business collaboration, creating new opportunities for businesses, industries, and communities in both countries,” Ayala said.
The partners are targeting infrastructure, energy transition, real estate, digital technology, mobility and logistics—industries central to the country’s long-term development.
—Edited by Miguel R. Camus
