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Private Equity

KKR exits First Gen with $410m stake sale

privateequitywire

15 hours ago

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Private investment major KKR has sold its entire holding in Philippine power producer First Gen for approximately PHP25.77bn ($410.5m), bringing its six-year investment in the company to an end, according to a report Reuters.
The US firm disposed of 715.9 million First Gen shares through its investment vehicle Valorous Asia Holdings, representing its full 19.9% interest in the listed power company, according to an exchange filing.
Investment firm Angsana Finance acquired the shares in the transa...

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