KKR Sells First Gen Stake for $411 Million
Private equity firm KKR has sold its entire nineteen point nine percent stake in Philippine power producer First Gen for about four hundred eleven million dollars. The share sale to Angsana Finance ends a six-year investment following a rejected buyout bid.
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KKR & CO INC has sold its entire 19.9% stake in FIRST GEN CORPORATION for 25.77 billion pesos ($410.48 million). The exit by the United States private equity firm ends a six-year investment in the Philippines power producer. The share sale follows a rejected buyout proposal.
