MANILA -- Philippine tycoon Dennis Uy's Udenna conglomerate has reached a deal worth up to $460 million to buy a gas exploration and development company from Royal Dutch Shell, boosting its interest in the Malampaya gas field to 90%.
Business deals
Philippine tycoon Uy's group buys Shell gas unit for up to $460m
Udenna secures 90% stake in Malampaya field while acquiring expertise
The portfolio of Dennis Uy's Udenna group extends from energy to telecommunications and beyond. (Photo by Yuichi Shiga)
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