KKR offers to buy over 8% First Gen stake from parent First Philippine Holdings

Global investment firm KKR has submitted an offer to acquire more than 8% of the outstanding common shares of First Gen Corporation from its parent company, First Philippine Holdings Corporation. The proposed transaction involves a significant equity stake in the Philippine-based power generation company.

This move represents a strategic investment by KKR into the Philippine energy sector. First Gen remains a major player in the country's power market, and the acquisition of this stake by a major international private equity firm highlights ongoing interest in regional infrastructure and utility assets.