First reported by scandasia.com
Danish Maersk investor buys 40 percent of Philippine logistics company
A.P. Moller Capital completes 40% stake acquisition in Ayala logistics unit
A.P. Moller Capital, an infrastructure fund manager affiliated with Denmark's A.P. Moller Holding (parent of Maersk), has completed its acquisition of a 40% stake in AC Logistics Holdings Corp., the logistics arm of Ayala Corp. The investment was completed through EMIF II Holding III B.V. after fulfilling all closing conditions, including merger control clearances. The partnership is expected to support AC Logistics' expansion.
Key quotes
In a joint statement dated July 7, the companies said the investment was completed through EMIF II Holding III B.V. after the fulfillment of all closing conditions, including merger control clearances.
The companies said the partnership is expected to support AC Logistics' expansion
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