ACX and Makro Roh formed M&Co for PHP3.44bn.

ACX, a wholly-owned subsidiary of Ayala Corporation, and Makro Roh, a subsidiary of CP AXTRA, formed M&Co, a corporation that will focus on operating Makro stores in the Philippines, offering bulk and retail formats for PHP3.44bn. “We are excited to partner with CP AXTRA to bring Makro back to the Philippines. Together, we seek to build on CP AXTRA’s proven success in delivering quality products at more affordable prices through the Makro format,” said Mark Uy, Ayala Corporation Head of Corporate Strategy and Business Development.