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MarketScreener Homepage  >  Equities  >  Philippines Stock Exchange  >  Ayala Corporation    AC   PHY0486V1154

AYALA CORPORATION

(AC)
  Report
End-of-day quote. End-of-day quote Philippines Stock Exchange - 11/24
832 PHP   -0.95%
11/12AYALA : GIC to Invest $412 Million in AC Energy Philippines
DJ
11/12AYALA : Nine-Month Net Profit Plunged 75% on Covid-19 Concerns
DJ
11/06AYALA CORPORATION : quaterly earnings release
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Ayala says won't improve bid for Australia's Infigen Energy

07/17/2020 | 04:35am EST

Philippine conglomerate Ayala Corp said it would not improve its takeover offer for Australia's Infigen Energy further after a month-long bidding war for the wind and solar firm.

Philippine conglomerate Ayala Corp said it would not improve its takeover offer for Australia's Infigen Energy further after a month-long bidding war for the wind and solar firm.

The announcement comes a day after rival Spanish power generation company Iberdrola said its offer for Infigen Energy, due to close on July 30, was now unconditional. Infigen has asked its shareholders to reject the Ayala bid.

Infigen shares closed at A$0.90 on Friday, marginally above Iberdrola's offer as investors hoped for a higher bid to emerge from UAC Energy Holdings, a joint venture of Ayala's AC Energy and Hong Kong-based UPC Renewables Group.

Iberdrola's offer was backed by Infigen in June after it improved its offer by 3 cents to A$0.89 a share, valuing the company at A$856 million ($598 million). The bid was approved by Australia's Foreign Investment Review Board.

UAC Energy said it made no final decision regarding its stake in Infigen when its offer closes.

($1 = 1.4310 Australian dollars)

(Reporting by A K Pranav in Bengaluru; Editing by Muralikumar Anantharaman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AYALA CORPORATION -0.95% 832 End-of-day quote.5.92%
IBERDROLA, S.A. -0.53% 11.275 Delayed Quote.23.47%
INFIGEN ENERGY LIMITED -1.06% 0.93 End-of-day quote.43.08%
PHINMA ENERGY CORP End-of-day quote.
All news about AYALA CORPORATION
11/12AYALA : GIC to Invest $412 Million in AC Energy Philippines
DJ
11/12AYALA : Nine-Month Net Profit Plunged 75% on Covid-19 Concerns
DJ
11/06AYALA CORPORATION : quaterly earnings release
09/09AC Energy Unit Sells Infigen Energy Stake After Takeover Battle With Iberdrol..
DJ
08/13Ayala Corp. First-Half Net Profit Fell 79% Due to Covid-19 Impact
DJ
08/12AYALA CORPORATION : half-yearly earnings release
08/02Australia's Infigen forecasts "materially lower" earnings
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07/23Iberdrola offer for Australia's Infigen worth $635 mln now after condition me..
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More news
Financials
Sales 2020 189 B 3 923 M 3 923 M
Net income 2020 15 525 M 322 M 322 M
Net Debt 2020 326 B 6 769 M 6 769 M
P/E ratio 2020 31,1x
Yield 2020 0,91%
Capitalization 522 B 10 805 M 10 822 M
EV / Sales 2020 4,48x
EV / Sales 2021 3,57x
Nbr of Employees 64 413
Free-Float 30,8%
Chart AYALA CORPORATION
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Ayala Corporation Technical Analysis Chart | MarketScreener
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Technical analysis trends AYALA CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 839,63 PHP
Last Close Price 832,00 PHP
Spread / Highest target 26,8%
Spread / Average Target 0,92%
Spread / Lowest Target -12,7%
EPS Revisions
Managers
NameTitle
Jaime Augusto Zobel de Ayala Chairman & Chief Executive Officer
Fernando Miranda Zobel de Ayala Vice Chairman, President & Chief Operating Officer
Jose Teodoro K. Limcaoco CFO, MD, Chief Risk Officer, & Group Head-Finance
Maria Angelica B. Rapadas Chief Information Officer
Delfin Lapus Lazaro Non-Executive Director