Ayala Corporation purchased shares worth PhP 2.8 billion in Manila Water

The Ayala Corporation has purchased shares worth PhP 2.8 billion in Manila Water from Mitsubishi Corporation. Consequently, its stake in the water utility company has increased by 5.7 per cent from 43.1 per cent to 48.8 per cent; Mitsubishi continues to be a shareholder with its stake of 1.2 per cent.