Prime Infra’s First Gen gas stake to spur competition — analysts - BusinessWorld Online

Billionaire Razon to buy 60% stake in First Gen's gas assets for P50 billion

Prime Infra, the infrastructure business arm of Filipino businessman Enrique K. Razon Jr., is buying 60% of the gas assets of First Gen Corp FGEN.PS for 50 billion pesos ($896.44 million), the Philippine energy firm said on Monday. ($1 = 55.7760 Philippine pesos) —Reporting by Rishav Chatterjee in Bengaluru; Editing by Rashmi Aich The post Billionaire Razon to buy 60% stake in First Gen’s gas assets for P50 billion appeared first on Interaksyon.

First Gen sells 60 pct of gas business to Prime Infra

Prime Infra’s First Gen gas stake to spur competition — analysts - BusinessWorld Online

By Sheldeen Joy Talavera, Reporter RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) is acquiring a 60% equity stake in Lopez-led First Gen Corp.’s gas business for P50 billion, a development that analysts said is likely to spur competition among gas players and encourage additional investments in the energy sector. “With Prime Infra’s growing exposure in the power generation segment, we believe this will increase overall competition an…

First Gen forges strategic partnership with Prime Infra

Prime Infrastructure Capital, Inc. has entered into a strategic partnership to ac-quire a 60% equity stake in First Gen Corp.’s gas business.

Prime Infra stake in First Gen’s gas business

Prime Infra has signed an agreement to acquire a 60% stake in the gas assets of First Gen for $896.44m.