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Ayala Chief Cezar Consing Defends Keeping Conglomerate Together as Profit Falls

Ayala Corporation's first non-family CEO is resisting the global trend of corporate break-ups, arguing that a diversified portfolio spanning banking, property, telecoms and energy can still create value even as first-half profit drops 7%.

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Ayala Corporation's first non-family CEO is resisting the global trend of corporate break-ups, arguing that a diversified portfolio spanning banking, property, telecoms and energy can still create value even as first-half profit drops 7%.