Ayala buys Menara shares

Fri, 24 Nov 1995, 00:00 WIB

MANILA (Reuter): Ayala Land Inc. said it signed a deed of sale
for a 25 percent equity acquisition in PT Menara Duta, the
property arm of Indonesian conglomerate Tigaraksa.

The deal was worth US$110 million, the real estate giant told
the Philippine Stock Exchange.

Details were not immediately available.

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