PRIME Infra Holdings, Inc., led by Enrique Razon Jr., is acquiring a controlling stake in the Malampaya deep-water gas-to-power project from Davao businessman Dennis Uy’s Udenna Corporation. A statement from the infrastructure arm of the Razon group said Thursday that the acquisition process has kicked off and will close subject…
MANILA (Bloomberg): Philippine billionaire Enrique Razon 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.