![]() ![]() They said buyers had been looking at prospects for some of Uy's other businesses, including oil retailer Phoenix Petroleum and his new telecom firm DITO, plus schools and food businesses he operates. The assets he is considering selling are the Malampaya gas field, which Uy had acquired from Chevron and Shell for approximately $1 billion, and Clark Global City, which also cost $1 billion, the sources told Reuters, declining to be identified as they were not authorised to speak to media. military base, two sources familiar with the matter said on Thursday.ĭennis Uy, chairman of conglomerate Udenna Corp and listed Chelsea Logistics, has seen rapid growth and diversification of his business empire during the six-year presidency of Duterte, who leaves office next month. MANILA (Reuters) -A tycoon and close associate of outgoing Philippines President Rodrigo Duterte is considering selling businesses collectively worth several billion dollars, including a South China Sea gas field and a commercial land lease firm at the site of a former U.S. ![]()
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