Ayala unit completes takeover of National Teachers College

The Ayala group has beefed up its education portfolio after completing the takeover of National Teachers College.
In a disclosure to the stock exchange on Monday, April 30, Ayala Corp. said wholly owned subsidiary AC Education, Inc. “assumed ownership of approximately 96% of the outstanding voting shares of National Teachers College.”
AEI was selected by the NTC board and its shareholders through a competitive bid process. — Krista Angela M. Montealegre