Philippines’ Ayala Corp. Unit To Take Full Ownership Of Australian Renewable Energy Venture In $243 Million Deal

Philippines’ Ayala Corp. Unit To Take Full Ownership Of Australian Renewable Energy Venture In $243 Million Deal

AC Energy—a unit of billionaire Jaime Zobel de Ayala’s Ayala Corp.—it has agreed to take full ownership of its Australian renewable energy joint venture as the Philippines’ oldest conglomerate steps up investments to become the biggest listed renewable energy platform in Southeast Asia.