KKR to pay US$192 million for stake in Philippine power company First Gen

Kohlberg Kravis Roberts (KKR) agreed on Monday to buy a 11.9 per cent stake in Philippine power producer First Gen Corporation for 9.6 billion Philippine pesos (US$193 million) in its latest infrastructure bet in southeast Asia.The American private equity giant is betting on future growth in Asia, particularly in the infrastructure and real estate spaces.For example, the company acquired solar power assets in India from Shapoorji Pallonji Infrastructure Capital for US$204 million in April and…

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