Brind.
  1. First Gen Corp. announced the acquisition of the hydropower business by Prime Infrastructure.

First Gen Corp. acquired pumped storage hydro projects from Prime Infrastructure, leading to questions from the Lopez family regarding the P75-billion agreement structure.

1 report, 1 independent Updated Jun 10
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What happened

Some supportReported by 1 outlet

First Gen Corp. acquired pumped storage hydro projects from Prime Infrastructure, leading to questions from the Lopez family regarding the P75-billion agreement structure.

How it developed

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  1. The Lopez family's majority bloc questioned the proposed transaction details regarding a joint venture in hydropower assets between First Gen Corp. and Prime Infra.Sub-event
  2. Successful acquisition of hydro projects underway, facing scrutiny over the agreement structure.1 source

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