AC Energy Corporation, through its wholly-owned subsidiary AC Energy Vietnam Investments Pte Ltd and Super Energy Corporation Public Company Limited, through its subsidiary, Super Energy Group (Hong Kong) Co Limited, have signed an agreement to form a strategic partnership to develop, own and operate renewable energy projects across ASEAN. ACEV signed a share purchase agreement (with conditions precedent) to acquire a 49% interest of Solar NT, owned by Super HK. SUPER is a premier Thai renewable energy developer and investor. The transaction will be via secondary shares acquisition for a total consideration of US$ 165 million.Post-restructuring, Solar NT will own and operate nine solar power plants across Vietnam with a total capacity of approximately 837 megawatts.The transaction is the beginning of a strategic partnership between ACEN and SUPER which will continue to expand their renewable footprints in Vietnam as well as exploring other Southeast Asian markets.Bank of Ayudhya PCL is the sole financial advisor for SUPER for this transaction.
AC Energy Corporation, through its wholly-owned subsidiary AC Energy Vietnam Investments Pte Ltd and Super Energy Corporation Public Company Limited, through its subsidiary, Super Energy Group (Hong Kong) Co Limited, have signed an agreement to form a strategic partnership to develop, own and operate renewable energy projects across ASEAN. ACEV signed a share purchase agreement (with conditions precedent) to acquire a 49% interest of Solar NT, owned by Super HK. SUPER is a premier Thai renewable energy developer and investor. The transaction will be via secondary shares acquisition for a total consideration of US$ 165 million.Post-restructuring, Solar NT will own and operate nine solar power plants across Vietnam with a total capacity of approximately 837 megawatts.The transaction is the beginning of a strategic partnership between ACEN and SUPER which will continue to expand their renewable footprints in Vietnam as well as exploring other Southeast Asian markets.Bank of Ayudhya PCL is the sole financial advisor for SUPER for this transaction.
