Philippines: Warren Buffett-backed Mitsubishi Acquires Stake in GCash Parent Mynt for $320 Million
Mitsubishi Corporation, backed by Warrent Buffett, is set to acquire approximately 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of the
Mitsubishi buying 6.5% GCash stake for P18.4b
Conglomerate Ayala Corp. agreed to sell 50 percent of AC Ventures Holding Corp. (ACV) to Japan’s Mitsubishi Corp. for at least P18.4 billion. The deal
Philippines’ Zobels Sell Fintech Stake To Mitsubishi For $318 Million
Ayala Corp. will be paid 18.4 billion pesos ($318 million) for half of a company that holds a minority stake in the Philippines’ most popular mobile e-wallet, GCash.
Mitsubishi buys stake in top Philippine fintech platform
Mitsubishi (OTCPK:MSBHF) will buy a 50% stake in Ayala Corp.’s (OTCPK:AYALY) AC Ventures Holdings for a minimum of P18.4 billion (~$319 million). AC Ventures owns ~13% of Globe Fintech Innovations, (Mynt).
Mitsubishi Corporation (MC) to invest in Ayala joint venture with stake in Mynt
Mitsubishi Corporation (MC) is pleased to announce that MC, Ayala Corporation (AC), and AC Ventures Holding Corp (ACV) have reached an agreement on MC’s investment in ACV subject to the execution of definitive transaction documents and the satisfaction of customary closing conditions.
Mitsubishi Buys Stake in Top Philippine Fintech For $318 Million
Mitsubishi Corp. will pay 18.4 billion pesos ($318 million) to buy half of a Philippine company that owns a stake in the nation’s top fintech platform GCash.
Mitsubishi To Invest $320 Mn In Philippine Fintech Unicorn Mynt
Japanese giant Mitsubishi Corp. said on Friday it is investing $320 million in Philippine fintech unicorn Mynt, buying half of Manila-based conglomerate Ayala's stake in the financial services company.
Mitsubishi pours US$320m to buy half of fintech unicorn Mynt, predicts Philippine economic growth to top Asean neighbours
Japanese giant Mitsubishi Corp. said on Friday it is investing US$320 million in Philippine fintech unicorn Mynt, buying half of Manila-based
Bloomberg L.P.4d
Mitsubishi Buys Into Top Philippine Fintech for $319 Million
The Japanese conglomerate will acquire 50% of Ayala Corp.’s AC Ventures Holdings Corp., which owns a 13% stake in Globe ...
Inquirer on MSN3d
GCash’s potential IPO gets boost from Mitsubishi entry
The Zobel family’s latest deal with Japan’s Mitsubishi Corp. may open doors for popular e-wallet platform GCash to get more ...
BusinessWorld3d
Mitsubishi acquires half of Ayala’s stake in fintech unicorn Mynt
The Japanese conglomerate will acquire the stake by buying 50% of Ayala-owned AC Ventures, the Philippine group said in a statement. Ayala owns a 13% stake in Mynt via AC Ventures. Mynt, a ...
philstar.com4d
Ayala Corp sells P8B stake in GCash parent to Mitsubishi
According to a report by InsiderPH, Ayala Corp. is selling half of its stake in AC Ventures to Mitsubishi for P18 billion, in a deal that values GCash at approximately P288 billion (~$5 billion).
Finanznachrichten3d
Mitsubishi Corp. To Buy 50% Stake In Ayala Unit, Shareholder Of Mynt In Philippines
TOKYO (dpa-AFX) - Japanese conglomerate Mitsubishi Corp. (MBC.L, MSBHY.PK) announced that it has agreed with Philippine conglomerate Ayala Corp. to acquire a 50 percent stake in AC Ventures ...
manilatimes3d
Ayala sells Mynt stake to Mitsubishi for P18.4B
AYALA Corp. (AC) has agreed to sell half of its stake in the parent firm of GCash to Japan's Mitsubishi Corp. (MC), which will also explore additional investment opportunities in the Philippines ...