TTT+Partners is pleased to announce representation of Global Power Synergy Public Company Limited (GPSC), a leading integrated energy company in Thailand, in the restructuring of its renewable energy business. The proposed transaction will entail the acquisition by Global Renewable Synergy Co., Ltd. (GRSC), a wholly owned subsidiary of GPSC, of 50% of the total shares of Global Renewable Power Co., Ltd. (GRP) from PTT Global Management Co., Ltd. (PTTGM) which is a subsidiary of PTT Public Company Limited (PTT), valued at THB 1.275 billion (~ USD 29 million).
After the acquisition, the direct and indirect shareholding of GPSC group companies will be 100% of the total shares of GRP. This restructuring aims to increase efficiency and competitiveness in the renewable energy business for both the Company and PTT Group, domestically and abroad.
The transaction was led by Parithat Chamnongsilp, working alongside Supasiri Korattana, Sahatsawat Satpretpry, and Veerapattra Mangmee.
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