# PTT completes acquisition of 10.78% stake in Global Power Synergy from Thai Oil

PTT Public Company Limited completed the acquisition of an additional 10.78% stake in Global Power Synergy Public Company Limited from Thai Oil Public Company Limited for THB 22.4 billion. The deal was agreed on February 17, 2022 and completed on June 7, 2022.

- Type: Acquisition
- Announced: 2022-06-07
- Where: Thailand
- Value: $640.0M (22.4B THB)
- Status: completed
- Products: power generation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Thai Oil](https://endata.com/companies/4070.md) (partner)
- [PTT](https://endata.com/companies/8850.md) (acquirer)
- [Global Power Synergy Plc](https://endata.com/companies/32650.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/PTT-43148471/news/PTT-Public-Company-Limited-completed-the-acquisition-of-an-additional-10-78-stake-in-Global-Power-S-41316437/), 2022-06-06: "PTT Public Company Limited completed the acquisition of an additional 10.78% stake in Global Power Synergy Public Company Limited from Thai Oil Public Company Limited."

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