<2> Billionaire Enrique Razon Accelerates Energy Push With Colombia, Philippine Deals
<3> Prime Infrastructure Capital’s Energy Expansion
Billionaire Enrique Razon is taking his energy push to the next level with a series of deals in Colombia and the Philippines. The acquisitions are a significant milestone for Prime Infrastructure Capital, the conglomerate’s investment arm, which has been rapidly expanding its energy portfolio in the Philippines.
<4> The acquisition of SierraCol Energy in Colombia marks the first overseas energy asset for Prime Infrastructure Capital. The deal is a strategic move by Razon to diversify his energy investments and tap into the growing demand for energy in Latin America.
<5> “This acquisition is a significant step in our energy expansion strategy,” said Razon in a statement. “We are committed to investing in high-growth markets and creating value for our shareholders.”
<6> Prime Infrastructure Capital has been actively investing in the energy sector in the Philippines, with a focus on renewable energy and power generation. The company has a portfolio of assets that includes wind farms, solar power plants, and geothermal power plants.
<7> The acquisition of SierraCol Energy is expected to be completed in the first quarter of this year, subject to regulatory approvals. The deal is valued at