MANILA: Philippine billionaire Enrique Razon (pic) will acquire a controlling stake in businessman Dennis Uy’s Malampaya gas project, in a move that may help extend the life of a field that fuels some of the nation’s biggest power plants.
Razon’s Prime Infra Holdings Inc and Uy’s Udenna Corp have “kicked off” the acquisition process for the Malampaya deep-water gas-to-power project.
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