Ayala cedes control over Manila water to Razon

The Ayala Group has formally ceded control over Manila Water Company to Enrique K. Razon Jr. following an agreement wherein the tycoon bought a 24.96 percent stake but was given voting power for 51 percent of the utility. In a disclosure, Manila Water advised the Philippine Stock Exchange of the … Continue reading Ayala cedes control over Manila water to Razon