Philippines' Manila Water sells minority stake to port tycoon for $210m

Philippines' Manila Water sells minority stake to port tycoon for $210m

Visual from Manila Water's website

Philippines-listed water and wastewater services provider Manila Water Company Inc (Manila Water) is selling a 25 per cent stake to Prime Metroline Holdings, the infrastructure company of port tycoon Enrique Razon Jr., for 10.7 billion pesos ($210 million), according to a disclosure Monday.