AC Logistics acquired a majority stake in Air21, not AyalaLand Logistics

Yesterday, in the NOTES section, I said that the Philippine Competition Commission approved AyalaLand Logistics’s purchase of Air21, but this is not accurate. AC Logistics is the Ayala Group entity that bought Air21.

While ALLHC and AC Logistics can be considered “sister” companies (as they have the same ultimate parent company, Ayala Corp [AC 671.00 3.31%]), they have different immediate parent companies and, at the end of the day, are very different companies.

Thank you to /u/StefanJanobski for spotting the error. Sorry for the error and any confusion that it might have caused. 

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