Lopez majority: Piki agreed to P50-B premium in Prime hydro deal

First Gen fires back at Lopez family faction over Razon hydro deal

First Gen Corp., the power producer controlled by the Lopez family, rejected allegations from a majority faction of its founding clan over a ₱50 billion...

Lopez majority: Piki agreed to P50-B premium in Prime hydro deal

MANILA, Philippines – The majority bloc of the Lopez family alleged that Federico “Piki” Lopez agreed to pay a P50-billion transaction premium to Prime Infrastructure Capital Inc. as part of First Gen Corp.’s P75-billion investment in the latter’s hydropower business. The deal between First Gen and Prime Infrastructure has become a flashpoint in the ongoing family