# Prime Infra to acquire 60% stake in First Gen's gas business for P50 billion

Prime Infrastructure Capital agreed to acquire a 60% equity stake in Lopez-led First Gen Corp.'s gas business for P50 billion. The deal includes four operating power plants and a proposed 1,200-MW plant.

- Type: Acquisition
- Announced: 2025-05-30
- Where: Philippines
- Status: announced
- Products: liquefied natural gas, power generation
- 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

- [bworldonline.com](https://bworldonline.com/corporate/2025/06/02/676404/prime-infras-first-gen-gas-stake-to-spur-competition-analysts/), 2025-06-01: "The partnership between First Gen and Prime Infra will enable the partners to further nurture, enhance and expand their natural gas platforms to serve as a key solution provider to the country’s program to address energy security."

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