Ayala Corp to acquire 75 percent of Negros Grace drugstores

ABS-CBN News

Posted at Dec 07 2018 09:29 AM

MANILA -- Ayala Corp said Friday it would acquire a 75-percent stake in a Visayas drugstore chain, expanding its health portfolio to pharmacies.

AC Health signed a share purchase agreement with Jasminum Corp for a controlling stake in Bacolod-based Negros Grace, which has 70 stores, Ayala Corp told the stock exchange.

AC Health's portfolio also includes Generika drugstore, MedGrocer, Vigos Health Technologies and mobile app AIDE.

"This transaction enables AC Health to expand its portfolio in pharmacies, particularly in the Visayas region," according to the disclosure.