Billionaire Enrique Razon to take control of Manila water from Ayala

Billionaire Enrique Razon to take control of Manila water from Ayala

Billionaire Enrique Razon, chairman of International Container Terminal Services Inc. (ICTSI) and Bloomberry Resorts Corp., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 30, 2018. The conference brings together leaders in business, government, technology, philanthropy, academia, and the media to discuss actionable and collaborative solutions to some of the most important questions of our time. Photographer: Patrick T. Fallon/Bloomberg

Philippine tycoon Enrique Razon has offered to buy the rest of Manila Water Co. Inc. shares as he moves to take control of the company from Ayala Corp. ahead of crucial water contract negotiations.