reported that the company was willing to sell to Razon. The following week, Manila Water announced the so-called partnership with the ports and gaming tycoon – a detail that was not mentioned to employees.
Employees were told that the company’s key officials will keep their positions – this was supposedly part of the deal. The two parties are actually no strangers to each other, either. Razon and the Ayalas had recently teamed up for the development of Wawa Dam. Moreover, Razon brings his expertise in global operations at a time when the Ayala group has also started to look at neighboring Asian countries to expand.
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