Ayala divests 40% of AC Logistics to fuel growth
AC Logistics, established in 2021, provides supply chain services and operates distribution centers nationwide, with plans for even faster growth through new partnerships.
AC Logistics, established in 2021, provides supply chain services and operates distribution centers nationwide, with plans for even faster growth through new partnerships.
Ayala Corp. (AC), the country’s oldest conglomerate, 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 P. Consing said on Thursday.
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.
“We are proud and looking forward to working alongside AC Logistics and Ayala Corporation to accelerate growth and continue to provide customers with market-leading supply chain solutions – in short, doing well while doing good,” AP Moller Capital senior partner Lars Reno Jakobsen said.
For AC Logistics President and CEO Erry Hardianto, the partnership would help push the company to become a local market leader.
“This potential transaction with A.P. Moller Capital reflects Ayala’s commitment to growing AC Logistics into an industry leader that will deliver high-quality logistics solutions for the Philippines. We are confident A.P. Moller Capital is the best partner for unlocking the many opportunities in this sector,” Hardianto said.
