Ayala sells Manila Water shares • VG Cabuag

Ayala Corp. on Wednesday said it has further reduced its ownership in East Zone concessionaire Manila Water Co. Inc. as it sold 10.5 percent of its stake in the utility firm for P5.7 billion. Ayala along with its wholly-owned subsidiary Philwater Holdings Co. Inc. will sell 288.99 million Manila Water common shares and 436.24 million

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