MVP-led Kayana takes reins of Bayad Center

MANILA, Philippines — Kayana Solutions Inc., a company led by tycoon Manuel V. Pangilinan, has completed a P2.7-billion transaction to take full control of payment services provider CIS Bayad Center Inc. The latter was previously majority-owned by Manila Electric Co. (Meralco) through a subsidiary. READ: Meralco, CIS sell 90% stake in Bayad Center for P2.7B In