Global Power Synergy Public Company Limited completed the acquisition of the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited for THB 1.3 billion.
Global Power Synergy Public Company Limited (SET:GPSC) signed a letter of intent to acquire the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited for approximately THB 1.3 billion on December 11, 2023. As of January 9, 2024, Global Power Synergy Public Company Limited (SET:GPSC) entered into share purchase agreement to acquire the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited. GRP will become the Company?s subsidiary once the acquisition of shares in GRP is completed. Upon completion of the certain conditions precedent or such conditions precedent being waived in writing by the relevant parties. The significant conditions precedent include the following (i) The relevant government agency has approved GRSC to purchase the sale shares from PTTGM (ii) No material adverse event affecting the assets, financial position, or the business of GRP and/or GRP?s subsidiaries have occurred. The transaction is expected to close second quarter of 2024. The transaction has been approved bye the board of Global Power Synergy Public Company Limited (SET:GPSC).
Global Power Synergy Public Company Limited (SET:GPSC) completed the acquisition of the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited on October 16, 2024.
Global Power Synergy Public Company Limited is a Thailand-based power generation company. The principal business of the Company is the production and distribution of electricity, steam, and water for industrial use to the government and industrial customers. The Company operates through three segments: Independent Power Producer, Small Power Producer, and others. The Company’s business includes combined heat power plant / cogeneration / thermal power, renewable energy power plant and related businesses and others. The Company’s subsidiaries include Combined Heat and Power Producing Company Limited, Natee Synergy Company Limited, IRPC Clean Power Company Limited, Glow Energy Public Company Limited, Energy Recovery Unit Company Limited and others. Combined Heat and Power Producing Company Limited generates and supplies electricity and cold water, construction, and installation of electricity system services. Natee Synergy Company Limited invests in other companies.
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Global Power Synergy Public Company Limited completed the acquisition of the remaining 50% stake in Global Renewable Power Co., Ltd., from PTT Global Management Company Limited for THB 1.3 billion.
