Philippine Tycoon Dennis Uy Gains Controlling Stake In Malampaya Gas Field

Philippine Tycoon Dennis Uy Gains Controlling Stake In Malampaya Gas Field

Dennis Uy speaks during a Bloomberg round-table discussion in Manila, the Philippines, on Monday, ... [+] March 5, 2018.

Energy tycoon Dennis Uy's Udenna Corp. has gained a controlling interest in the Malampaya gas field following the acquisition of Shell Petroleum NV's 45% stake for up to $460 million.