Thailand’s PTT to acquire power generating firm Glow for $3b

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

Thai oil and gas conglomerate PTT Plc has agreed to take over a 69.11 per cent stake in power generating company Glow Energy Plc from France-based Engie for more than 100 billion baht ($3 billion), according to a filing on stock exchange and local media reports.

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