Ayala health raises stake in Generika Group

ABS-CBN News

Posted at Mar 14 2019 11:37 AM | Updated as of Mar 14 2019 11:42 AM

MANILA - Ayala Corp said Thursday its subsidiary AC Health would increase its stake in Generika Group to 52.5 percent from 50 percent.

AC Health signed conditional agreements to subscribe to an additional 2.5 percent stake in each of the Generika companies, Ayala Corp said in a disclosure to the stock exchange.

Generika Group is composed of Actimed Inc, Erikagen Inc, Novelis Solutions Inc and Pharm Gen Ventures Corp.