Enrique Razon’s Malampaya bet
You have to hand it to ports and casino tycoon Enrique Razon.
Stay updated with breaking news from Shell Philippines. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
You have to hand it to ports and casino tycoon Enrique Razon.
Prime Infra Holdings, Enrique K. Razon Jr.’s critical infrastructure arm, is poised to acquire a controlling stake in businessman Dennis Uy’s Udenna-led Malampaya deep-water gas-to-power project, one of the biggest and most successful, commercial gas finds in the Philippines.
Ports and casino tycoon Enrique Razon Jr. is acquiring a controlling stake in the Malampaya gas-to-power project from Davao-based tycoon Dennis Uy.
Razon-led Prime Infra Holdings Inc. has announced plan to acquire majority shares of the controlling stake held by Davao businessman Dennis Uy in the depleting Malampaya gas field project, of which Service Contract 38 (SC 38) will also expire in February 2024. Uy has 45 percent shareholdings in
PRIME Infra Holdings, Inc., led by Enrique Razon Jr., is acquiring a controlling stake in the Malampaya deep-water gas-to-power project from Davao businessman Dennis Uy’s Udenna Corporation. A statement from the infrastructure arm of the Razon group said Thursday that the acquisition process has kicked off and will close subject…