Ayala Group sticks to growing current businesses


By Judith Balea [abs-cbnnews.com] and Liza Reyes [ABS-CBN News] | 04/03/2009 11:37 PM

 

In the seemingly ongoing race to the top in terms of scale of operations and profitability, the Ayala Group, unlike other corporate giants, prefers to focus its current business strategy on organic growth.

Ayala Corp, the holding company for the group’s diversified interests, has no plans for major acquisitions at the moment, but is keeping a “wide lens” to see opportunities on the horizon, its chairman and chief executive officer Jaime Zobel de Ayala said in a media briefing on Friday.

“We do look at other areas, but there’s nothing definite or specific at this point,” said Zobel.

Ayala Corp. has long been a prime mover in Philippine business and enjoyed the title of being the country’s largest conglomerate for a time.

 

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http://abs-cbnnews.com/business/04/03/09/ayala-group-sticks-growing-current-businesses

 

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