Jaime Augusto Zobel de Ayala

Enrique Razon Acquires 25 Percent Of Ayala’s Manila Water

by in Categories Business
Enrique Razon

Ayala Corp on Monday said that billionaire Enrique Razon bought 25% of Manila Water, bringing PHP 10.7 billion in fresh funding to the utility that has come under government inquiry. Ayala Corp said that it would retain a 38.6% stake in Manila Water, which supplies water to the Philippine capital’s east zone. Prime Metroline Holdings, … Read more