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-led First Gen Corp, (FGen) announced that it has fully acquired Pi Energy Inc. through a deed of assignment executed with its parent firm, First Philippine Holdings Corp. (FPH). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 19, FGen said it acquired Pi Energy for ₱1...