(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
. Paul Hastings is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.