Ayala divesting 40% AC Logistics shares

The country’s oldest conglomerate, Ayala Corp. (AC), plans to sell 40 percent of its logistics arm, AC Logistics, to Danish firm AP Moller Capital through its EMIF II Holding III B.V. unit.

The partnership aims to leverage AP Moller Capital’s track record in building transport businesses globally to help AC Logistics expand its operations, focusing on meeting the growing logistics demands and enhancing cost-efficient supply chains and food security.

“A country of 7,000 islands requires considerable logistics infrastructure, and we would like to help address this need. Working together with partners like A.P. Moller Capital, we believe we can provide real solutions,” AC president and CEO Cezar Consing said on Thursday.

Deal contingent on subscription price

While AC did not disclose the investment amount, AC said the deal is contingent on finalizing the subscription price, securing regulatory approvals and meeting specific business milestones.

AC Logistics, established in 2021, provides supply chain services and operates distribution centers nationwide, with plans for even faster growth through new partnerships.