Philippine tycoon Razon to acquire controlling stake in Malampaya gas project

MANILA : Philippine tycoon Enrique Razon will acquire a controlling stake in the country's Malampaya gas-to-power project, his company said in a statement on Thursday.

Razon's Prime Infra Holdings Inc will buy the majority stake from Dennis Uy, a close associate of outgoing Philippines President Rodrigo Duterte. The move confirms a Reuters report earlier this month.

Artmotion Asia

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