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Enrique Razon to Acquire 60% Stake in Lopez Group's Gas Assets for $896 Million
by AZ Demon - June 02, 2025
Enrique Razon Buys 60% of Lopez Group's Gas Assets for $896 Million

Filipino billionaire Enrique Razon is buying a 60% stake in the Lopez Group's natural gas assets for $896 million. This deal will help Razon's company, Prime Infra, grow in the energy sector.

The Lopez Group, through its company First Gen, is selling part of its gas assets. First Gen is a major energy company in the Philippines.

Razon's Prime Infra will now have a big role in the country's energy supply. This move supports the Philippines' goal to use more clean energy.

Razon is known for his businesses in ports and casinos. He is now acquireing more in energy and water projects.

This version is simplified for beginner English readers.
Enrique Razon Acquires 60% Stake in Lopez Group's Gas Assets for $896 Million

Filipino billionaire Enrique Razon is set to acquire a 60% stake in the Lopez Group's natural gas assets for $896 million. This strategic move will expand Razon's infrastructure company, Prime Infra, into the energy sector.

The Lopez Group, through its subsidiary First Gen, is divesting part of its gas portfolio. First Gen is a leading energy company in the Philippines, focusing on clean and renewable energy sources.

With this acquisition, Prime Infra will play a significant role in the country's energy infrastructure. The deal aligns with the Philippines' efforts to transition to cleaner energy sources.

Razon, known for his ventures in ports and casinos, is diversifying his investments into energy and water infrastructure projects.

This version is for intermediate English learners.
Enrique Razon to Acquire 60% Stake in Lopez Group's Gas Assets for $896 Million

Filipino billionaire Enrique Razon is poised to acquire a 60% stake in the Lopez Group's natural gas assets for $896 million, marking a significant expansion of his infrastructure firm, Prime Infra, into the energy sector.

The Lopez Group, via its subsidiary First Gen, is divesting a substantial portion of its gas portfolio. First Gen is a prominent energy company in the Philippines, with a focus on clean and renewable energy initiatives.

This acquisition positions Prime Infra as a key player in the nation's energy infrastructure, supporting the Philippines' strategic shift towards sustainable energy sources.

Razon, renowned for his successful ventures in port operations and gaming, is strategically diversifying his investment portfolio to include critical infrastructure sectors such as energy and water resources.

This version is for advanced English readers with more complex vocabulary and sentence structure.

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I. Basic

  • acquire: to buy or obtain something

  • stake: a share or interest in a business

  • assets: valuable things owned by a person or company

II. Intermediate

  • divesting: selling off assets or investments

  • portfolio: a range of investments held by a person or organization

  • infrastructure: the basic systems and services needed for a country or organization

III. Advanced

  • subsidiary: a company controlled by another company

  • prominent: important and well-known

  • diversifying: expanding into different areas or industries

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