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Business deals

Philippine tycoon Dennis Uy eyes asset sale to cut debt

Duterte ally opens door to offload fuel retailer after yearslong buying spree

Dennis Uy is a prominent Philippine tycoon and backer of President Rodrigo Duterte. (File photo by Getty Images) 

MANILA -- Philippine tycoon Dennis Uy, a campaign backer of President Rodrigo Duterte, has embarked on an asset sale as his group moves to cut debt after an aggressive acquisition spree.

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