Zobel brothers swoop down on P88M Ayala Corp. shares
Business

Zobel brothers swoop down on P88M Ayala Corp. shares

Jaime and Fernando Zobel De Ayala availed of Ayala Corp.’s employee stock ownership plan (ESOP) to increase their shareholdings.

Jaime and Fernando Zobel De Ayala availed of Ayala Corp.’s employee stock ownership plan (ESOP) to increase their shareholdings.

Jaime, the chairman, bought 60,525 worth P45.436 million while Fernando, the president and CEO, bought 56,303 shares worth P42.197 million

The brothers bought the shares at P749.47 each on May 25 when A’s shares traded at P719.

Jaime and Fernando have .11 percent stake each in AC worth roughly P575 million.

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