TTT+Partners advised Glow IPP 3 Co., Ltd., a subsidiary of Global Power Synergy Public Company Limited (GPSC), on the divestment of its 33.33% equity stake in Eastern Seaboard Clean Energy Co., Ltd. (“ESCE”) to Veolia Environmental Services (Thailand) Co., Ltd., a leading provider of sustainable environmental solutions.
ESCE holds a 100% equity stake in Chonburi Clean Energy Co., Ltd. (CCE), a company engaged in industrial waste-to-energy projects. This strategic transaction forms part of GPSC’s broader portfolio optimization and long-term investment strategy in the energy and utilities sector, reflecting its ongoing focus on enhancing operational efficiency and sustainable growth.
Our team provided comprehensive legal support throughout the transaction, including legal due diligence, transaction structuring, drafting and negotiating key transaction documents, and ensuring regulatory compliance under Thai law.
TTT+Partners team was led by Veeranuch Thammavaranucupt and Parithat Chamnongsilp, with key support from Kanatat Damrongchaitham and Veerapattra Mangmee.
This transaction underscores TTT+Partners’ deep expertise in complex M&A transactions and the energy sector, supporting clients in high-impact, strategic transactions across Thailand and the region.
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