First Gen ‘ripe’ for delisting amid KKR buyout offer

First Gen Corp.

MANILA, Philippines — United States-based equity firm Kohlberg Kravis Roberts & Co. (KKR) made an offer to hike its stake in Lopez-led First Gen Corp., a move that should be “seriously” considered, as this could open doors for the energy giant to finally go private, an analyst said.

Juan Paolo Colet, managing director at investment bank China Bank Capital Corp., said on Thursday that First Philippine Holdings Corp. (FPH) should “seriously look into” the proposal and score a win-win deal for all shareholders, including the investing public.

READ: KKR buys 11.9% stake in First Gen

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First Gen ‘ripe’ for delisting amid KKR buyout offer

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