Manila Times Business
Lopez feud flares up anew over power deal
MINORITY shareholders of Lopez-led First Gen Corp. have raised questions anew regarding the company’s P75-billion hydropower deal with Enrique Razon Jr.’s Prime Infrastructure Capital Inc., particularly about the deal’s structure, valuation and disclosure. The group alleged that First Gen President Federico “Piki” Lopez agreed to a “horrible” transaction structure involving a P50-billion premium and P25 billion in construction equity for the hydropower a
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Source: manilatimes.net
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