Exclusive-Tycoon close to outgoing Philippines president considering sales of big assets – sources

　　div classBodysc17zpet90 cdBBJodivpMANILA Reuters – A tycoon and close associate of outgoing Philippines President Rodrigo Duterte is considering selling businesses collectively worth several billion dollars, including a South China Sea gas field and a commercial land lease firm at the site of a former U.S. military base, two sources familiar with the matter said on Thursday.p

　　pDennis Uy, chairman of conglomerates Udenna Corp and listed Chelsea Logistics, has seen rapid growth and diversification of his business empire during the presidency of Duterte, who leaves office next month. pdivdivdiv classBodysc17zpet90 cdBBJodiv

　　pThe assets he is considering selling are the Malampaya gas field and Clark Global City, the sources told Reuters, declining to be identified because they were not authorised to speak to media. p

　　pThey said buyers had been looking at prospects for some of Uys other businesses, including oil retailer Phoenix Petroleum and his new telecom firm DITO, plus schools and food businesses he operates.p

　　pRepresentatives of Uy did not immediately respond to requests for comment. p

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　　pp Reporting by Neil Jerome Morales Editing by Martin Petty and Mark Potterp

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