MANILA -- Philippine billionaire Enrique Razon has launched a bid to take control of the Malampaya gas project, a crucial energy source for the country that has been a target for takeover by tycoon Dennis Uy, a campaign donor to outgoing President Rodrigo Duterte.
Razon, whose businesses span ports, casinos and infrastructure, intends to buy a majority stake in the Malampaya natural gas-to-power project, according to a statement by Razon-led Prime Infra Holdings on Thursday. Terms of the deal remain unclear.
