Weerawong C&P represented Global Power Synergy Public Company Limited (GPSC), the power flagship company of PTT Group, in the acquisition of a majority stake in Glow Energy Public Company Limited from Engie Global Developments B.V. and the subsequent tender offer.

The transaction was valued up to THB 139 billion (USD 4.1 billion). Weerawong C&P advised on M&A, corporate governance, merger control and obtaining approval from the Energy Regulatory Commission in this landmark transaction. This was the largest acquisition in Thailand’s energy sector in 2018.

The Weerawong C&P team was led by Veeranuch Thammavaranucupt, Senior Partner, Samata Masagee, Partner and Natira Siripun, Associate.