Antitrust body clears Ayala sale of 40% stake in logistics arm

MANILA, Philippines — Ayala Corp. has finalized the entry of a Danish investor into its logistics arm, with the Philippine Competition Commission (PCC) giving the go-ahead to the sale of a 40-percent stake in AC Logistics. EMIF II Holding III B.V., an investment vehicle of the infrastructure fund manager AP Moller Capital P/S, will acquire