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Philippine developer Ayala Land cleared to acquire Aboitiz stake in Cebu joint venture

( November 6, 2024, 03:19 GMT | Official Statement) -- MLex Summary: Philippine real estate developer Ayala Land said it has received antitrust clearance to acquire fellow developer Aboitiz’s shares in a joint venture they have to develop a major mixed-use estate in Cebu, the main metropolitan area in the country’s Visayas region. The acquisition will consolidate Ayala Land's ownership of Cebu District Property Enterprise.The disclosure follows: ...

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