MANILA -- Philippine tycoon Dennis Uy has reached a deal to sell a 45% stake in the critical Malampaya gas project to ports and casino billionaire Enrique Razon, as the former moves to tackle his group's debt problems.
Business deals
Philippine tycoon Dennis Uy sells Malampaya gas stake amid debt woes
Billionaire Enrique Razon moves to buy 45% of critical energy asset
Philippine tycoon Dennis Uy has reached a deal to sell a 45% stake in the Malampaya gas project to shore up the finances of his Udenna holding company. (Source photos by Shell and Getty Images)
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