The Lopez Group’s First Philippine Holdings Corp. (FPH) has rejected a proposal from Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire a portion of its stake in First Gen Corp. because the price offered is not good enough. “After careful deliberation and consideration, FPH has determined that...
Lopez Holdings Corp., one of the two publicly listed holding companies of the Lopez family, reported a three-percent growth in attributable net income to ₱5.52 billion for the first six months of 2026 from the ₱5.34 billion earned in the same period last year. Unaudited consolidated revenues...
First Philippine Holdings Corp. (FPH) confirmed receiving a preliminary, non-binding proposal from global investment firm Kohlberg Kravis Roberts & Co. (KKR) to acquire a significant additional stake in energy unit First Gen Corp. as part of a strategy to privatize the power producer. In a...
In the prevailing, highly volatile political climate—exacerbated by maritime bullying in the West Philippine Sea that creates an air of uncertainty—it is only natural for foreign investors to take a risk-averse stance toward the country. Yes, Virginia, while the President has been going around...
Lopez Holdings Corporation and subsidiary First Philippine Holdings Corporation have again moved back the dates for their respective annual stockholders’ meetings amid the ongoing dispute between a majority of the Lopez family and their cousin Federico “Piki” Lopez. According to Lopez...
First Philippine Holdings Corp. (FPH) received directive from the Securities and Exchange Commission (SEC) to proceed with its scheduled July 27 annual stockholders’ meeting, including a partial election of board directors, even as a bitter intra-corporate dispute within the controlling Lopez...
The majority faction of the Lopez family has escalated its corporate battle for control of their business empire, claiming to have uncovered a third “poison pill” provision designed to entrench First Philippine Holdings Corp. (FPH) Chairman and Chief Executive Officer Federico “Piki” R....
Two independent directors of Lopez Holdings Corp. have resigned from the seven-member board as the bitter leadership struggle within one of the Philippines ' most powerful dynasties threatens to paralyze the conglomerate’s governance. In a disclosure to the Philippine Stock Exchange, Lopez...
First Philippine Holdings Corp. (FPH) indefinitely postponed its annual shareholders’ meeting as bitter internal feud between factions of the Lopez family spills over into the boardroom of one of the country’s most prominent conglomerates. The company informed the Philippine Stock Exchange on...
Lopez Holdings Corp. reported a 57 percent jump in attributable net income to ₱5.34 billion in the first half of 2025 from the ₱3.41 billion earned in the same period last year on lower costs of First Philippine Holdings Corp. and lower losses of ABS-CBN Corp. In a disclosure to the Philippine...
In the late 2000s, Philippine business saw an intense corporate war as two of the country 's most aggressive conglomerates, Metro Pacific Investment Corp. (MPIC) of Manuel V. Pangilinan and San Miguel Corp. (SMC) of Ramon S. Ang, went to war for a single asset: Manila Electric Co. (Meralco)....
Lopez-led First Philippine Holdings Corporation (FPH) is focusing on the growth of its power generation and real estate businesses, which are being allocated the bulk of the group’s planned investments amounting to ₱57 billion this year. On the sidelines of the firm’s annual stockholders’...
