MANILA, Philippines -- Ayala Corp. is taking a $237.5 million stake in the Pun family's Yoma Group, marking the largest Philippine conglomerate investment in Myanmar. Ayala said in a stock exchange filing on Thursday that the deal will give it 20 percent of the Myanmar conglomerate, which is comprised of two holding companies: Singapore-listed Yoma Strategic Holdings Ltd. (YSH) and Myanmar-listed First Myanmar Investment Public Co. Ltd. (FMI). Ayala, which has a market value of $10.4 billion---about 10 times the size of the Yoma Gorup--- will be the second-largest investor in both entities. The Yoma Group has interests that span property, banking, automotive, healthcare, power, ...
Keep on reading: Ayala Corp. investing $237.5M in Myanmar conglomerate Yoma Group
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