Fundz

Razon to acquire 60% stake in First Gen assets

PRIVATEJun 02, 2025

Acquiring Company

Etablissements Maurel & Prom S.A

Acquired Company

First Gen

Pasig CityEnergyOil And GasTransportationEnergyOil And GasRenewable EnergySolar

Description

Billionaire Razon will acquire a 60% stake in First Gen Corporation's gas assets for $896 million. This move is part of Razon's strategy to expand his influence in the energy sector. First Gen Corporation is a key player in power generation, focusing on renewable energy solutions.

Quick answer

Etablissements Maurel & Prom S.A is acquiring First Gen, announced June 2, 2025.

How much did Etablissements Maurel & Prom S.A pay for First Gen?
The deal value was not disclosed.
What does Etablissements Maurel & Prom S.A do?
Etablissements Maurel & Prom S.A. (M&P) is a leading oil and gas exploration company based in Paris, France.
Where are Etablissements Maurel & Prom S.A and First Gen based?
First Gen is based in Pasig City, Metro Manila, Philippines.
Who are the decision-makers at Etablissements Maurel & Prom S.A?
Fundz holds 1 contact at Etablissements Maurel & Prom S.A. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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When Etablissements Maurel & Prom S.A changes hands, the new owners review vendors, systems and leadership. That is when the door opens.

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Company Information

Company

Etablissements Maurel & Prom S.A

About

Etablissements Maurel & Prom S.A. (M&P) is a leading oil and gas exploration company based in Paris, France. With a rich history of over 20 years in Colombia, the company has extensive experience in the energy sector. M&P has demonstrated expertise in operational development and a strong commitment to sustainable growth in the industry.

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Frequently asked

Who acquired First Gen?

First Gen was acquired by Etablissements Maurel & Prom S.A. The deal was reported on June 2, 2025. Etablissements Maurel & Prom S.A. (M&P) is a leading oil and gas exploration company based in Paris, France. With a rich history of over 20 years in Colombia, the company has extensive experience in the energy sector. Etablissements Maurel & Prom S.A is privately held and operates in Energy.

When did Etablissements Maurel & Prom S.A acquire First Gen?

Etablissements Maurel & Prom S.A's acquisition of First Gen was reported on June 2, 2025. Billionaire Razon will acquire a 60% stake in First Gen Corporation's gas assets for $896 million. This move is part of Razon's strategy to expand his influence in the energy sector. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does First Gen do?

First Gen Corporation (First Gen) is the primary holding company for power generation and energy-related businesses of First Philippine Holdings Corporation (FPH). It is privately held, operating in Energy, and is based in Pasig City.

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