By Ka Kay Lum
“We anticipate that the consumer sector will be a key growing sector in the Thai M&A market given the increasing regional consumption spending and the recovery of Thailand’s exports,” said Solidiance partner Mickael Feige.
Bangchak Corporation (BCP) is acquiring a Norwegian petroleum field for 3.76 billion baht ($114.2 million)
The IPO pipeline in Thailand is hotting up with family-owned sports drink giant Osotspa and a $3-billion government infrastructure fund both expected to list this year.
PTT unit said it will first pay $2.98 billion for Engie’s 69% stake in Glow before launching a tender offer for the remaining shares.
The joint venture deal was part of GetDoc’s plan to expand into Thailand.
The proposed acquisition will be done via PTT’s power and utilities arm Global Power Synergy.
The Thai company has agreed to buy from China’s HNA, NH’s biggest shareholder, a 26.5% stake.
Fund II is said to have backing of large Thai firms including TCP Group, Central Group, Saha Pathana and others,
From initial plans to launch in May 2018, the JV has delayed its full launch to August 2018. Is this a sign that this ambitious partnership is off to a rocky start?
The startup is also looking to close its Series A round by early next year or sooner.