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                    [ArticleID] => 262655
                    [Title] => Ayala Land sells 28% stake in Makro for P1.019 billion
                    [Summary] => Property giant Ayala Land Inc. has sold to its joint venture partners its 28-percent stake in wholesaler Pilipinas Makro Inc. for P1.019 billion, the company told the Philippine Stock Exchange.


ALI senior vice-president and chief finance officer Jaime Ysmael said the company’s interest was sold to companies affiliated to SM Investments Corp. and Dutch retailing giant Orkam Holding Asia N.V. (formerly Makro Holding Asia N.V.).  The deal was closed yesterday.


                    [DatePublished] => 2004-08-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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JAIME AUGUSTO ZOBEL AYALA

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                    [ArticleID] => 262655
                    [Title] => Ayala Land sells 28% stake in Makro for P1.019 billion
                    [Summary] => Property giant Ayala Land Inc. has sold to its joint venture partners its 28-percent stake in wholesaler Pilipinas Makro Inc. for P1.019 billion, the company told the Philippine Stock Exchange.


ALI senior vice-president and chief finance officer Jaime Ysmael said the company’s interest was sold to companies affiliated to SM Investments Corp. and Dutch retailing giant Orkam Holding Asia N.V. (formerly Makro Holding Asia N.V.).  The deal was closed yesterday.


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                    [Focus] => 0
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                    [AuthorName] => Zinnia B. Dela Peña
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Ayala Land sells 28% stake in Makro for P1.019 billion

By Zinnia B. Dela Peña | August 26, 2004 - 12:00am

Property giant Ayala Land Inc. has sold to its joint venture partners its 28-percent stake in wholesaler Pilipinas Makro Inc. for P1.019 billion, the company told the Philippine Stock Exchange. ALI senior vice-president...

Business