# GPSC subsidiary to acquire 50% of GRP from PTTGM for THB 1.275 billion

Global Power Synergy Public Company Limited (GPSC) is restructuring its renewable energy business. Its subsidiary Global Renewable Synergy Co., Ltd. (GRSC) will acquire 50% of Global Renewable Power Co., Ltd. (GRP) from PTT Global Management Co., Ltd. (PTTGM) for THB 1.275 billion (~USD 29 million), giving GPSC 100% ownership of GRP.

- Type: Acquisition
- Announced: 2024-11-01
- Where: Thailand
- Value: $29.0M
- Status: announced
- Products: renewable energy
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Global Power Synergy Public Company Limited](https://endata.com/companies/34223.md) (acquirer)
- [Global Renewable Synergy Co., Ltd.](https://endata.com/companies/80968.md) (acquirer)
- [Global Renewable Power Co., Ltd.](https://endata.com/companies/80969.md) (target)
- [PTT Global Management Co., Ltd.](https://endata.com/companies/80970.md) (partner)

## Sources

- [tttandpartners.com](https://tttandpartners.com/tttpartners-advises-global-power-synergy-plc-gpsc-on-restructuring/), 2024-11-01: "The proposed transaction will entail the acquisition by Global Renewable Synergy Co., Ltd. (GRSC)... of 50% of the total shares of Global Renewable Power Co., Ltd. (GRP) from PTT Global Management Co., Ltd. (PTTGM)... valued at THB 1.275 billion."

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