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.
Country updates
-
-
March 14, 2019
Engie completes sale of 69% stake in Glow
ENGIE has announced the sale of its 69.1% stake in Glow to Global Power Synergy Public Company Ltd. for EUR2.6 billion (US$2.9 billion), following official authorization granted on 8 March 2019 from T...
Read more -
February 26, 2019
Petros PACE Finance announces acquisition of Demeter Power Group Inc
Petros PACE Finance, LLC has announced the acquisition of Demeter Power Group Inc., including Demeter's software and proprietary financing structure. Founded in 2012, Demeter Power Group, Inc.&#...
Read more -
February 22, 2019
Glow Energy divests 124 MW cogeneration project to B.Grimm Power Ltd
Glow Energy Public Company Limited, through its wholly-owned subsidiary Glow Company Limited, has entered into a Share Sale and Purchase Agreement with B. Grimm Power Service Limited for the sale of a...
Read more -
January 22, 2019
Engie's Glow Energy stake attracts multiple offers
French energy major Engie has seen “multiple expressions of interest” since its previous deal was blocked by regulators. The company is looking for an interested company to purchase...
Read more -
November 12, 2018
Mitsui to invest in 2.5 GW gas-fired power project in Thailand
Mitsui & Co., Ltd. has announced that it has entered into a project finance agreement for a gas-fired thermal power generation project jointly promoted with Gulf Energy Development Public Company...
Read more
