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.

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October –

   

Monthly Observances:

Industry and Commerce Safety Month 

National Statistics Month 

Local Government Month 

Consumer Welfare Month 

Cooperative Month

National Quality and Productivity Improvement Month 

National Health and Wellness Tourism Month
National Indigenous Peoples Month

 

Weekly Observances:

Week 1: Elderly Filipino Week 

Week 2: National Health Education Week 

Local Government Week 

National Mental Health Week 

October 17-23:

National Week for Overcoming Extreme Poverty 

October 18 – 24:

United Nations Week 

Last Week:

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Week of the 4th Sunday:

Barrio Farmers’ Week

 

Daily Observances:

First Monday (Oct 4): Universal Children’s Day i
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Oct 5: National Teachers’ Day 

Oct 10: Local Government Day 

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Oct 21: Tenants’ Emancipation day 

Oct 24: United Nations Day 

Oct 29: National Indigenous People’s Thanksgiving Day

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