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                    [ArticleID] => 170251
                    [Title] => Government eyes $400-M from sale of 10% stake in Malampaya
                    [Summary] => The government  expects to raise $400 million from the sale of its 10-percent stake in the $2-billion Malampaya gas project.


Cabinet sources told reporters yesterday that the administration is hoping to complete the sale within the year following the appointment of the European investment bank, Credit Lyonaise as financial adviser.


They   said  the   proceeds of the sale will "be critical in financing"   the  government’s  P800.7- billion   budget  for   next year.


                    [DatePublished] => 2002-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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CHEVRON-TEXACO AND SHELL EXPLORATION

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                    [ArticleID] => 170251
                    [Title] => Government eyes $400-M from sale of 10% stake in Malampaya
                    [Summary] => The government  expects to raise $400 million from the sale of its 10-percent stake in the $2-billion Malampaya gas project.


Cabinet sources told reporters yesterday that the administration is hoping to complete the sale within the year following the appointment of the European investment bank, Credit Lyonaise as financial adviser.


They   said  the   proceeds of the sale will "be critical in financing"   the  government’s  P800.7- billion   budget  for   next year.


                    [DatePublished] => 2002-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Government eyes $400-M from sale of 10% stake in Malampaya

By Des Ferriols | July 31, 2002 - 12:00am

The government expects to raise $400 million from the sale of its 10-percent stake in the $2-billion Malampaya gas project. Cabinet sources told reporters yesterday that the administration is hoping to complete...

Business