Lucio Tan, the beer and cigarette tycoon, has lowered his price for his 70% stake in Philippine Airlines
Lucio Tan, the beer and cigarette tycoon, has lowered his price for his 70% stake in Philippine Airlines. Tan now wants $200 million instead of the original $800 million, but the buyer must assume the more than $2 billion in debt that still clouds the airline's future.
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