Philippine Tycoon to Sell Troubled Water Utility Amid Scrutiny
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Philippines’ second-richest man is selling his water utility firm to a fellow tycoon, exiting a business weighed down by regulatory scrutiny and customer complaints.In a statement, the group of Manuel Villar said Crystal Bridges Holding Corp. of grocery tycoon Lucio Co entered into definitive agreements for the acquisition of 100% of PrimeWater Infrastructure Corp. No financial details were disclosed.