Thailand's PTT to buy Glow Energy in jumbo M&A deal

The oil and gas group agrees to pay $3 billion to acquire a majority stake in the independent power producer from France’s Engie, potentially rising to $4.3 billion.

Danny Leung

June 20, 2018

Thai state-owned oil and gas giant PTT said Wednesday that it will acquire a majority stake in independent power producer Glow Energy from French energy giant Engie, paying Bt97.6 billion ($3 billion) in what is set to be Asia’s biggest M&A deal so far this year.

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