MANILA -- U.S. investment firm KKR has acquired an 11.9% stake in First Gen, a leading Philippine power producer, for 9.6 billion pesos ($193 million), in a move that expands in presence in Asian infrastructure.
Business deals
KKR takes 12% stake in Philippine power major First Gen for $190m
US buyout firm seeks bigger footprint in Asian infrastructure
First Gen produced 21% of the domestically generated electricity in the Philippines in 2019. (Photo courtesy of First Gen)
Read Next
%20%E3%81%AE%E3%82%B3%E3%83%94%E3%83%BC.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Business deals
