Tag: ‘valuation
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Pangilinan: Ayala’s LRT-1 stake talks hit ‘valuation gap’
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METRO Pacific Investments Corp. (MPIC) may reconsider acquiring Ayala Corp.’s stake in Light Rail Transit Line 1 (LRT-1) due to unresolved valuation issues, according to its chairman. “We talked to them before, but there’s a bit of a gap in valuation, and I do not know how we can bridge…