First Gen Corp. expects to close P75-B Prime Infra deal this year - BusinessWorld Online

First Gen Corp. expects to close P75-B Prime Infra deal this year - BusinessWorld Online

LOPEZ-LED power producer First Gen Corp. expects to close its P75-billion acquisition deal with Razon-led Prime Infrastructure Capital, Inc. (Prime Infra) this year as it seeks approval from the competition watchdog. “Closing of the transaction is expected to occur within the year,” First Gen said in a regulatory filing on Thursday. After signing an initial agreement, the company said it still needs approval from the Philippine Competition Commi…