posted April 23, 2018 at 11:13 am by
Jenniffer B. Austria
Ayala Corp. is close to finalizing the Kia distributorship deal in the Philippines, a deal that will enable the conglomerate to expand its automotive portfolio, a top executive said over the weekend.
AC Industrial Technology Holdings Inc., a wholly-owned unit of Ayala Corp., said it was now in the last stage of negotiations for the deal which was expected to be completed in the next quarter.
“We are now in the last stages of the negotiations. Within the next quarter, hopefully we will be able to finalize,” AC Industrial president Arthur Tan said in an interview at the sidelines of the annual stockholders’ meeting of Ayala Corp.