ENGIE completes its disposal of Glow to Global Power Synergy Public Company Ltd.

ENGIE has announced the sale of its 69.1% stake in Glow to Global Power Synergy Public Company Ltd. (GSPC) for €2.6 billion (US$3 billion), following official authorisation granted on 8 March 2019 from Thailand’s Energy Regulatory Commission. This transaction follows on from an initial share purchase agreement that ENGIE and GSPC signed in June 2018.

Glow is an independent energy producer that is listed on Thailand's stock exchange. It owns and operates production facilities in Thailand and Laos, and employs 800 people. Its portfolio includes total power generation capacity of 3.2 GW, made up of 1 GW of coal, 2 GW of gas and 0.2 GW of renewable energy. Glow also produces steam, as well as clarified and demineralised water.