An official announcement is due soon but my guys have told me that it's all done and dusted from a decision-making standpoint.

There were three parties supposedly interested in acquiring what used to be CAC's distributorship, with two of these being more serious bids: Ayala and Phoenix.

Rumor has it the guys back in the Seoul home office wanted Ayala even if Phoenix had a more compelling bid.

This should certainly make the PH car market a lot more interesting considering CAC has not had a good stewardship of the Kia brand for a long time now.

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