# PTT to acquire Glow Energy for over 100 billion baht

PTT Plc, through its power business arm GPSC, agreed to acquire 69.1% of Glow Energy from Engie for over 100 billion baht, with a mandatory tender offer for remaining shares.

- Type: Acquisition
- Announced: 2018-06-18
- Where: Rayong province, Thailand
- Value: $3.10B (100.0B THB)
- Status: announced
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Engie](https://endata.com/companies/999.md) (partner)
- [PTT](https://endata.com/companies/8850.md) (acquirer)
- [Global Power Synergy Plc](https://endata.com/companies/32650.md) (acquirer)
- [Glow Energy Plc](https://endata.com/companies/32651.md) (target)

## Sources

- [bangkokpost.com](https://www.bangkokpost.com/business/general/1488026/ptt-taking-on-glow-for-b100bn), 2018-06-18: "PTT will soon proceed with the deal through its energy business arm, Global Power Synergy Plc (GPSC)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.