A dispute within the Lopez family centers on an allegation that Federico “Piki” Lopez agreed to pay a P50-billion transaction premium in connection with a hydropower investment involving Prime Infrastructure Capital Inc. The Lopez majority bloc says it has found references in board documents that indicate First Gen Corp.’s planned P75-billion investment in Prime’s hydropower business includes the alleged premium. The group claims First Gen’s acquisition of a 40-percent stake in Prime’s hydropower assets is described as including this additional premium on top of other amounts the deal reportedly covers, including figures referenced as part of construction-related costs. The matter is being treated as a flashpoint in an ongoing family disagreement over control of the Lopez Group. The available reporting presents the accusation from the Lopez majority bloc and describes the controversy as tied to internal governance and related corporate documentation. No details from the other side of the dispute are included in the provided excerpts.
Lopez group questions alleged P50-billion premium in Prime hydropower deal
A dispute within the Lopez family centers on an allegation that Federico “Piki” Lopez agreed to pay a P50-billion transaction premium in connection with a hydropower investment involving Prime Infrast...
- The Lopez majority bloc alleges Federico “Piki” Lopez agreed to a P50-billion transaction premium in a Prime hydropower venture.
- The premium is said to be linked to First Gen Corp.’s reported P75-billion investment in Prime Infrastructure Capital Inc.’s hydropower business.
- The allegation centers on First Gen’s acquisition of a 40% stake in Prime’s hydropower assets.
- The issue is described as part of an ongoing Lopez family dispute over control of the Lopez Group.
- The Lopez majority says it based its claim on board documents it recently reviewed.
MANILA, Philippines – The majority bloc of the Lopez family alleged that Federico “Piki” Lopez had agreed to pay Prime Infrastructure Capital Inc. a P50-billion transaction premium in a hydropower venture, calling it a “horrible deal”. In a statement on Tuesday, the Lopez majority said it recently discovered from board documents that the original transaction […]...Keep on reading: P50-B 'premium' in Lopez-Razon hydropower deal questioned
5 hours agoMANILA, 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 dispute over control of the Lopez Group. In a fresh statement on Tuesday, the Lopez-led group, headed by Eugenio “Gabby” Lopez III, said First Gen’s acquisition of a 40-percent stake in Prime’s hydropower assets included a premium on top of the P25 billion in construction […]...Keep on reading: Lopez majority: Piki agreed to P50-B premium in Prime hydro deal
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