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Ayala, Mitsubishi seal P18.4-B deal for half of GCash

Summary by Inquirer
MANILA, Philippines —Ayala Corp. has finalized an P18.4-billion agreement to sell to Japan’s Mitsubishi Corp. half of the shares held by the Zobels’ venture capital firm in popular e-wallet GCash. In a stock exchange filing on Wednesday, Ayala said it had signed an investment agreement with Mitsubishi for the latter to subscribe to 18 million

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InquirerInquirer
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Ayala, Mitsubishi seal P18.4-B deal for half of GCash

MANILA, Philippines —Ayala Corp. has finalized an P18.4-billion agreement to sell to Japan’s Mitsubishi Corp. half of the shares held by the Zobels’ venture capital firm in popular e-wallet GCash. In a stock exchange filing on Wednesday, Ayala said it had signed an investment agreement with Mitsubishi for the latter to subscribe to 18 million

·Manila, Philippines
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Philstar GlobalPhilstar Global
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Mitsubishi invests P18.4B in GCash parent via Ayala deal

The move grants Mitsubishi an indirect 6.5% ownership in Globe Fintech Innovations Inc., or Mynt, the parent company of GCash, the country's leading mobile wallet.

·Manila, Philippines
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Ayala and Mitsubishi finalize PHP 18.4-billion deal for GCash stake

This will give the Japanese company 6.5 percent of the fintech company.File photo: GCash app50-50 ownershipAyala Corporation (AC) has signed an investment agreement with Mitsubishi Corporation (MC), allowing the Japanese firm to subscribe to over 18 million common and redeemable preferred shares of AC Ventures Holding Corp. (ACV) for PHP 18.4 billion.ACV shall use the subscription proceeds to redeem AC's redeemable preferred shares in ACV and co…

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Philstar Global broke the news in Manila, Philippines on Wednesday, April 2, 2025.
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