Originally published byPhilippine Daily Inquirer
MANILA, Philippines — First Gen Corp. said the controversial “key man” provision in its hydropower deal with Prime Infrastructure Capital Inc. was requested by its partner, not by its own management. In a statement on Thursday, the Lopez-led energy firm clarified that the change of management control (CMC) clause—which some tagged as a “poison pill”—is […]...
Keep on reading: Prime Infra pushed ‘key man’ clause in hydro deal–First Gen
Keep on reading: Prime Infra pushed ‘key man’ clause in hydro deal–First Gen
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