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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Francotyp Postalia Holding AG | TG:FPH | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.02 | -0.79% | 2.50 | 2.46 | 2.54 | 2.52 | 2.50 | 2.52 | 4,400 | 20:58:01 |
From May 2019 to May 2024
Philippine power producer First Gen Corp. (FGEN.PH) said Wednesday it has bought out joint-venture partner BG Group PLC (BG.LN) from two domestic, natural-gas-fired power plants.
First Gen will pay BG $360 million in cash. In a separate disclosure in London, BG said it will use that for oil and gas production.
First Gen earlier this month raised PHP10 billion ($233 million) by issuing preferred shares to partly finance the long-planned acquisition of BG's 40% stake in the 1,000-megawatt Santa Rita plant and the 500-megawatt San Lorenzo plant, both located in Batangas, a province just south of Manila.
First Gen's purchase of BG's stake allows it to proceed building the 300-megawatt San Gabriel power plant, a project delayed by BG's decision to focus on more lucrative oil and gas production.
First Gen is a unit of conglomerate First Philippine Holdings Corp. (FPH.PH).
-By Cris Larano, Dow Jones Newswires; 632-848-5051; cris.larano@dowjones.com
1 Year Francotyp Postalia Chart |
1 Month Francotyp Postalia Chart |
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