Tuesday, April 16, 2013

ALI buys out BPO property partner

Ayala Land, Inc., said it is acquiring the stake of its partner in a unit that holds a portfolio of business process outsourcing (BPO) properties in Makati, Quezon City, and Laguna.
The company in a regulatory filing said it has entered into a sale and purchase agreement with Global Technologies International Limited (GITL) to acquire the latter’s 32 percent stake in ALI Property Partners Co., (APPCo) for P3.52 billion.  Read more

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