Philippines' First Gen eyes take-private deal from KKR at $2.7 billion valuation
KKR•Exchange rate and filing details
$1 = 61.2330 Philippine pesos
(Reporting by Nikita Maria Jino in Bengaluru; Editing by Janane Venkatraman)
KKR offer could value First Gen at $2.7 billion
Philippines' First Gen Corp FGEN.PS on Thursday said a mandatory offer from KKR KKR.N would value the power producer at least around 165.44 billion pesos ($2.70 billion).
KKR has offered to buy an 8.43% stake in First Gen from its parent First Philippine FPH.PS, likely triggering a mandatory tender offer for the entire public float and is expected to command a full control premium expected at about 46 pesos per share.
