Filipino billionaire Enrique Razon acquires South African golf course
Source: news.source.mb
Filipino billionaire Enrique Razon Jr. has expanded his portfolio by acquiring the Pearl Valley Golf Course and Hotel in South Africa.
Key Points
Enrique Razon Jr., a Filipino billionaire, has acquired the Pearl Valley Golf Course and Hotel in South Africa.
The golf course is a Jack Nicklaus signature course located in the Cape Winelands.
The purchase was approved by South Africa's antitrust authority on March 20.
Razon was announced as the new owner of Pearl Valley Golf Course in a social media post in December.
Razon is the chairman and CEO of International Container Terminal Services Inc. (ICTSI) and also owns The Country Club in Canlubang, Laguna.
He is also the president of Pilipinas Golf Tournaments Inc., which oversees the Philippine Golf Tour.
