KKR to raise stake in First Gen Corporation
Global investment firm KKR & Co. Inc. plans to acquire an additional stake in First Gen Corp. after its affiliate, Philippines Clean Energy Holding Inc. made a tender offer for shares.
Philippines Clean Energy is reported to make an offer to acquire a minimum of 107.9 million to 205 million outstanding common shares from existing shareholders of First Gen for P33 apiece. Approximately 3 to 5.7% of First Gen, the shares to be acquired cost PHP3.56 billion (US$71.2 billion) to PHP6.765 billion (US$135.3 billion).
Philippines Clean Energy’s tender offer will end at 12 p.m. on September 29, 2021.
Country updates
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September 02, 2021
Philippines’ Department of Energy issues Notice to Proceed for LNG hub project in Batangas
Atlantic Gulf & Pacific Company of Manila, Inc. (AG&P) has been issued the Notice to Proceed (NTP) by the Philippines’ Department of Energy (DOE) for the development of its LNG import an...
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September 01, 2021
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July 20, 2021
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