<article>A Thai regulator on Thursday said it has dismissed <a href="https://www.dealstreetasia.com/?s=Global Power Synergy Corporation" target="_blank" rel="noopener">Global Power Synergy Corporation&#8217;s</a> appeal to buy Glow Energy&#8217;s stake from France&#8217;s Engie.</article>

A Thai regulator on Thursday said it has dismissed <a href="https://www.dealstreetasia.com/?s=Global Power Synergy Corporation" target="_blank" rel="noopener">Global Power Synergy Corporation&#8217;s</a> appeal to buy Glow Energy&#8217;s stake from France&#8217;s Engie.
&#8220;There are two electricity producers in the industrial estate. A merger would leave only one operator, which would reduce competition with significant implications. As such, the rejection of the merger &#8230; is in accordance with the law,&#8221; Narupat Amornkosit, secretary-general of the Energy Regulatory Commission, said in a statement.
ERC had in October blocked the $4 billion merger deal proposal and GPSC had appealed against it last month.
Reuters

A Thai regulator on Thursday said it has dismissed Global Power Synergy Corporation’s appeal to buy Glow Energy’s stake from France’s Engie.

Thai regulator dismisses GPSC appeal to buy France's Engie stake in Glow Energy

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Thai regulator dismisses GPSC appeal to buy France's Engie stake in Glow Energy

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