Mitsubishi Corporation Acquires 50% of Ayala’s Stake in Fintech Unicorn Mynt, Operator of GCash
October 18, 2024 – Manila, Philippines: Philippine conglomerate Ayala Corporation (AC.PS) has announced the sale of half its stake in the fintech unicorn Mynt to Japan’s Mitsubishi Corporation (8058.T). This strategic deal, valued at a minimum of 18.4 billion pesos (approximately $318.89 million), involves Mitsubishi acquiring 50% of Ayala-owned AC Ventures, which holds a 13% […]
