Paul Hastings Advises Deutsche Bank on Ayala Corporations Block Sale

August 01, 2012

Hong Kong (August 1, 2012) - Paul Hastings, a leading global law firm, announced today that it represented Deutsche Bank as the sole bookrunner in Ayala Corporations US$155 million (PHP6.45 billion) treasury share block sale. Ayala Corporation is one of the Philippines largest conglomerates, with interests in real property, banking, telecommunications, water, infrastructure and energy.

Ayala Corporation is looking to invest up to US$1 billion over the next five years in the transport infrastructure and power generation sectors in the Philippines, including in projects under the governments public private partnership program (PPP).

The Paul Hastings team was led by partners Patricia Tan Openshaw and David Grimm with support from of counsel Wendell Faria and associates Tim Sung and Joy Chen.

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