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 its 69.1% stakes in its subsidiary, Glow Energy, for US$3 billion after Thailand's energy regulator blocked the multi-billion-dollar sale to state-owned PTT Group. The Energy Regulatory Commission has turned down the proposal of PTT to acquire the majority stakes in Glow Energy over worries the deal would create a monopoly within some industrial areas.
Engie is now in talks with interested investors including I Squared Capital.
Country updates
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November 12, 2018
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CPF, the food conglomerate has signed a memorandum of cooperation with local clean energy firm, Gunkul Engineering to fully finance the project and also design and build the solar systems
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