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The Ayala Group is looking to further expand its logistics business as it focuses on becoming a major player in the lucrative and less-regulated industry, a ranking executive said.
AC Logistics Holdings Corporation, a fully owned subsidiary of Ayala Corporation, has closed a deal with and Alberto D. Lina (ADL) for the acquisition of a 60 percent interest in AIR21 Holdings, Inc. (AHI) for P6 billion.
In a statement, Ayala said AHI has controlling interests in eight operating