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AC Logistics Holdings Corp., the logistics arm of Ayala Corp., is selling back two waste management firms to the Lina Group of Companies
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AC said Air21 Holdings, Inc. and Lucia Jane Lina on September 8, 2025 executed a share purchase agreement for AHI to sell 100% shares in Waste & Resources Management Inc., and Integrated Waste Management Inc. to Lina or her designated assignee for nominal consideration
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IWMI and WARM became part of AC Logistics in 2022 when the latter acquired 60% interest in AHI, which was part of LGC
AC Logistics Holdings Corp., the logistics arm of Ayala Corp. (AC), is selling back two waste management firms to the Lina Group of Companies (LGC).
In a regulatory disclosure, AC said Air21 Holdings, Inc. (AHI) and Lucia Jane Lina on September 8, 2025 executed a share purchase agreement for AHI to sell 100% shares in Waste & Resources Management Inc. (WARM), and Integrated Waste Management Inc. (IWMI) to Lina or her designated assignee for nominal consideration.
The transaction is subject to the completion of conditions precedent.
Lina serves as chairperson of several LGC companies, including Linaheim Corporate Services, Inc.; Ube Express, Inc.; E-konek Pilipinas, Inc.; Dynamic Outsource Solutions, Inc.; Susumi Philippines Logistics, Inc.; and Linaheim Corporate Travel and Tours.
IWMI and WARM became part of AC Logistics in 2022 when the latter acquired 60% interest in AHI–which was part of LGC–for P6.06 billion. The Philippine Competition Commission in May 2022 cleared the acquisition.
The agreement was signed together with AHI; its owner the late Alberto D. Lina; Airfreight 2100, Inc. (Air21); Air 2100, Inc. (Air21 Subic); U-Freight Phils., Inc.; U-Ocean, Inc.; Cargohaus, Inc.; LGC Logistics, Inc.; WARM; and IWMI.
LGC currently operates in various industries ranging from logistics, customs brokerage, transport and travel, business process management, training, technology, back-office support, and strategic communications.
AC Logistics, meanwhile, reduced its net loss in the first nine months of 2025 to P1.3 billion from P1.5 billion, primarily driven by the closure of its last-mile business and ongoing rationalization initiatives.
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