Ayala, Yuchengco groups merge their education businesses in P15.5B deal

Published by rudy Date posted on October 1, 2018

by Bilyonaryo, Oct 1, 2018

Conglomerates Ayala Corp. and House of Investments are pushing through with the merger of their education units which have a combined student population of over 40,000.

The proposed union of AC Education and iPeople Inc. is subject to the necessary regulatory approvals. The surviving entity, iPeople, is valued at P15.5 billion (around $286 million).

HI will assume a controlling 51.3 percent stake of the combined entity while the Ayalas will hold of 33.5 percent.

To be merged under one roof are Yuchengco’s Mapua University and its subsidiaries Malayan Colleges in Laguna, Malayan Colleges Mindanao, Malayan Science High School in Manila s well as the Ayala Group’s APEC Schools, University of Nueva Caceres in Bicol, and National Teachers College.

January – ZERO WASTE MONTH

“Stop wasting our money.
Stop corruption!”

Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
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Accept National Unity Government (NUG)
of Myanmar.  Reject Military!

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January

 

24 Jan – International Day of Education

26 Jan – International Day of Clean Energy

 

Monthly Observances:

 

National Microinsurance Month 

Zero Waste Month

 

Weekly Observances:

Week 1: National Time Consciousness Week

Week 3: National Mental Health Week 

Last Week: Children’s Week


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January 6: Community Development Day 

Third Sunday: Children’s Day 
Day of Sanctity and Protection of Human Life

 

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