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Thailand’s PTT buys $453 mn stake in India’s Avaada Energy Daily News (via HT Media Ltd.) Global Power Synergy Pcl, the listed power unit of Thailand’s state-owned PTT Group, has acquired a stake in Indian renewable energy provider Avaada Energy Pvt for about 14.8 billion baht ($453 million). Global Power completed the purchase of about 41.6% stake in Avaada through subscription of new shares, the company said in a statement late Tuesday, confirming an earlier Bloomberg News report. The transaction aligns with the firm’s international growth strategy in renewable energy, it said. The deal comes within days of PTT Global Chemical Pcl, another of PTT Group’s listed units, agreeing to acquire Allnex Holding GmbH, a European specialty chemicals maker owned by private equity firm Advent International, for 4 billion euros ($4.75 billion). PTT Global’s Allnex purchase could be the biggest overseas acquisition by a Thai company since Thai Bever ....
Manuel Baigorri, Baiju Kalesh and Vinicy Chan, Bloomberg News (Bloomberg) Global Power Synergy Pcl, the listed power unit of Thailandâs state-owned PTT Group, has acquired a stake in Indian renewable energy provider Avaada Energy Pvt for about 14.8 billion baht ($453 million). Global Power completed the purchase of about 41.6% stake in Avaada through subscription of new shares, the company said in a statement late Tuesday, confirming an earlier Bloomberg News report. The transaction aligns with the firmâs international growth strategy in renewable energy, it said. The deal comes within days of PTT Global Chemical Pcl, another of PTT Groupâs listed units, agreeing to acquire Allnex Holding GmbH, a European specialty chemicals maker owned by private equity firm Advent International, for 4 billion euros ($4.75 billion). PTT Globalâs Allnex purchase could be the biggest overseas acquisition by a Thai company since Thai Beverage Pclâs takeover of ....
PTT Global Buys European Chemicals Maker for $4.75 Billion bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
PTT to buy European chemical maker for US$4.75bn taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.