Lopez Inc. majority presses ‘Piki’ over gas, hydro deals

MANILA, Philippines — Majority shareholders of Lopez Inc. pressed Federico “Piki” Lopez to explain key asset deals, citing governance concerns. In a statement, majority shareholders questioned Piki why First Gen Corp.’s gas assets were sold to Prime Infrastructure Capital Inc.. After that, a 40-percent hydropower stake was cut to 33 percent. READ: First Gen buys