First Gen buys 40% of Prime Infra hydro assets for P75B

MANILA, Philippines — First Gen Corp. is acquiring a 40-percent stake in the hydropower portfolio of Razon-led Prime Infrastructure Capital Inc. for P75 billion, marking a major expansion of their strategic partnership in large-scale energy infrastructure. In a disclosure on Friday, the Lopez-led firm said P62.5 billion of the transaction value would be used to