# Global InterConnection Group spins out ASC Energy

The board of Global InterConnection Group Limited resolved to spin out Atlantic SuperConnection (ASC Energy) from GIG on April 9, 2025, as a step towards raising funding for the project to reach Final Investment Decision.

- Type: Acquisition
- Announced: 2025-04-10
- Status: announced
- Products: subsea electricity interconnection
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Global InterConnection Group](https://endata.com/companies/69834.md)
- [Atlantic SuperConnection](https://endata.com/companies/84083.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/GLOBAL-INTERCONNECTION-GR-127886492/news/Spin-Out-of-ASC-Energy-from-Global-Interconnection-Group-49583458/), 2025-04-10: "The Board of Global Interconnection Group Limited (GIG) is pleased to confirm that the independent directors resolved on the 9th April 2025 to spin out Atlantic SuperConnection (ASC Energy) from GIG."

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