# Prime Infra finalizes deal to buy 60% stake in First Gen gas units for P50 billion

Prime Infrastructure Capital Inc. has finalized a deal to acquire a 60% stake in First Gen Corp.'s Batangas-based natural gas businesses, including the Santa Rita, San Lorenzo, San Gabriel, and Avion power plants, as well as a majority interest in the proposed Santa Maria power plant and the Interim Offshore LNG Terminal. The transaction is valued at P50 billion.

- Type: Acquisition
- Announced: 2025-07-16
- Where: Batangas, Philippines
- Status: completed
- Products: natural gas-fired power, LNG terminal services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Prime Infrastructure Capital](https://endata.com/companies/85103.md) (acquirer)
- [First Gen Corp.](https://endata.com/companies/85104.md) (target)

## Sources

- [context.ph](https://context.ph/2025/07/16/razons-prime-infra-finalizes-deal-to-buy-60-of-first-gen-gas-units/), 2025-07-16: "The transaction represents a strategic move by Prime Infra to deepen its footprint in the country’s energy sector."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.