SEA Deal Ticker
KKR wants the Philippines' geothermal fleet off the public market: First Gen valued at $2.7B
KKR is buying 8.43% from First Philippine Holdings at about 46 pesos a share, then tendering for the 11.67% public float to delist the owner of 12 geothermal plants.
Positive-sum angle: Private capital absorbing baseload renewables lets a build schedule outrun quarterly reporting, and Luzon's incoming data-centre load will want every megawatt of it.