BRIEF-Ayala Corp Says Co, Globe, And STT GDC Enter Into $350 Million Venture

April 4 (Reuters) – Ayala Corp AC.PS:

• CO, GLOBE, AND STT GDC ENTER INTO $350 MILLION VENTURE TO EXPAND CURRENT DATA CENTER FOOTPRINT IN THE PHILIPPINES

• UNDER AGREEMENT, CO AND ST TELEMEDIA GLOBAL DATA CENTRES SHALL SUBSCRIBE TO NEW SHARES IN UNIT OF GLOBE TELECOM BUSINESS HOLDINGS

• POST EXECUTION OF AGREEMENT, GTIBH TO REMAIN LARGEST SHAREHOLDER WITH 50% OWNERSHIP, FOLLOWED BY STT GDC WITH 40% STAKE

Source text for Eikon: ID:nPSX3t9V02

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