Ayala Corp aims to raise $1 billion from sale of non-core assets


Posted at May 31 2023 10:09 AM | Updated as of May 31 2023 11:23 AM

MANILA — Ayala Corp said on Wednesday it aims to raise $1 billion from non-core assets this year.

"Ayala confirms that it targets to raise $1 billion from the sale of non-core assets," it said in a disclosure to the stock exchange.

The conglomerate did not further elaborate on the specific assets for sale. 

Additionally, Ayala Corp also said it remains "opportunistic" in Light Rail Manila Corp and "may or may not divest its stake."

LRMC operates the LRT-1. 


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