Thai PTT to buy Engie's Glow Energy in deal that could be worth over $4b

Thai PTT to buy Engie's Glow Energy in deal that could be worth over $4b

The logo of PTT is pictured at an exhibition hall in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha

Thai energy giant PTT Pcl said it will buy domestic power firm GlowEnergy Pcl, controlled by French giant Engie SA, in a deal that could be worth more than $4 billion as it seeks to play a bigger role in supplying power to the country’s industrial heartlands.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter