BRIEF-Ayala Corp Says AC Energy Signs Deal For Acquisition of Stake In Phinma Energy Corp

Feb 11 (Reuters) - Ayala Corp:

* AC ENERGY, PHINMA CORP, PHILIPPINE INVESTMENT MANAGEMENT (PHINMA), INC. (PHI), SIGN INVESTMENT AGREEMENT

* AGREEMENT FOR AC ENERGY’S ACQUISITION OF PHN & PHI’S COMBINED 51.48% STAKE IN PHEN VIA A SECONDARY SHARE SALE FOR ABOUT 3.42 BILLION PESOS

* AC ENERGY WILL ALSO SUBSCRIBE TO ABOUT 2.632 BILLION PHEN PRIMARY SHARES AT PAR VALUE OF 1.00 PESO PER SHARE Source text for Eikon: Further company coverage: