First Gen sat on a P23.5-billion Lopez clause for 60 days, then the family went to war

First Gen sat on a P23.5-billion Lopez clause for 60 days, then the family went to war

First Gen announced a P75-billion deal on February 13 without disclosing a P23.5-billion penalty clause. Investors found out 60 days later — not from the company, but from a family fight. Here is what the documents show.

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