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Philippine tycoon Razon eyes up to $473m infrastructure arm IPO

Casino and ports billionaire plans to build world's largest solar power project

Philippine ports and casino billionaire Enrique Razon is aiming to build the world's largest solar power facility. (Source photo by Getty Images) 

MANILA -- Philippine ports and casino tycoon Enrique Razon is seeking to raise up to 25.63 billion pesos ($472.7 million) from his infrastructure venture's initial public offering.

The bulk of the fresh funds will bankroll Prime Infrastructure Capital's energy projects, according to a prospectus filed on Tuesday with the country's Securities and Exchange Commission.

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