Ayala Corp. wants a piece of Lopezes’ EDC

Japan firm eyes Lopez holding firm.

MANILA, Philippines–The Ayala conglomerate is interested in investing in the Lopezes’ geothermal crown jewel Energy Development Corp. (EDC) as part of its foray into the renewable energy business.

ndustry sources told the Inquirer that Ayala Corp. was studying the possibility of coming in as a minority stockholder in EDC, but could not say whether the 175-year-old conglomerate had started active negotiations with the Lopez family for a portion of EDC’s holding company Red Vulcan Holdings Corp.

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