Ayala sudsidiary buys German industrial house

MANILA, Philippines–The Ayala conglomerate has boosted its industrial arm with a deal to acquire a controlling stake in C-CON Group, a German engineering, design and manufacturing group catering to the automotive space. A unit of Ayala’s wholly-owned subsidiary AC Industrial Technology Holdings Inc. (AC Industrials) announced on Wednesday a deal to acquire 75.1 percent of […]

The post Ayala sudsidiary buys German industrial house appeared first on Motioncars.