business

First Gen Corp. Shares Drop 19% After Parent Company Rejects KKR Buyout Offer

17 Ağustos 2026Bloomberg

Shares of First Gen Corp., a major player in the Philippines' renewable energy sector, experienced a significant decline of 19% after its parent company rejected a buyout offer from KKR. This marked the largest drop in the company's share price to date.
The rejection of the offer has raised concerns among investors about the company's future prospects and strategic direction.
First Gen Corp. is a key player in the Philippines' transition to renewable energy, and its performance is closely watched by investors.
The sharp decline in First Gen's stock price suggests a market reaction to perceived instability or uncertainty following the rejection of KKR's offer. Investors may be questioning the company's growth strategy and its ability to attract future investment without the backing of a private equity firm.

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