The mergers and acquisition scene in the Philippines is alive and well despite the COVID-19 pandemic and new challenges in the post-election period including the transition to a new administration, skyrocketing inflation, and fears of a global recession.
Razon and his team have demonstrated an ability to operate through difficult financial times, even in industries like gaming that were absolutely decimated by the COVID-19 pandemic.
MMANILA: 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.