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Prime Infra, the infrastructure business arm of Filipino businessman Enrique K. Razon Jr., is buying 60% of the gas assets of First Gen Corp for 50 billion pesos ($896.44 million), the Philippine ...

Prime Infrastructure —controlled by casino-to-ports billionaire Enrique Razon Jr. —has agreed to buy 60% of the gas assets of the Lopez family-backed First Gen for 50 billion pesos ($896 million).

Lopez- led First Gen Corp. has struck a deal to sell 60 percent of its gas business to tycoon Enrique Razon-led Prime Infrastructure Capital.